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Gold February 02, 2021 02:45:00 PM

Gold ETF Inflows Hit Fresh Record in 2020: World Gold Council

Paul Ploumis
ScrapMonster Author
The yearly net inflows totalled 877.1t in 2020, lifting the global holdings at end-2020 to 3,751t.

Gold ETF Inflows Hit Fresh Record in 2020: World Gold Council

SEATTLE (Scrap Monster): The Gold Demand Trends Full Year report published by the World Gold Council (WGC) noted that annual inflows into gold ETFs hit a new record in 2020, despite strong outflows during the final quarter of the year.

The yearly net inflows totalled 877.1t in 2020, lifting the global holdings at end-2020 to 3,751t. The first nine months of the year recorded strong inflows of 1,007t, mainly on uncertainties due to the rapid spread of the coronavirus pandemic and the monetary policy responses from authorities. On the contrary, the shift in sentiment and sharp corrective pullback in gold prices resulted in net outflows of 130t in Q4 last year.

The gold ETFs across all regions witnessed outflows in Q4, with North American and European funds accounting for bulk of the outflows. The gold holdings by ETFs in North America and Europe recorded decline by 86.1t and 34.7t respectively. The Asian-listed funds recorded outflows of 4.7t, whereas the funds from Other regions saw their gold ETF holdings shrink by 4.4t.

The inflows into Indian gold ETFs nearly doubled from 14.8t during end-2019 to 28.3t at the end of 2020. China too reported surge in domestic interest in gold ETFs during the previous year. In fact, seven new Chinese gold ETFs were launched in 2020, all of which witnessed increased investor interest.

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