gold etfs inflows and outflows

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pmbug

pmbug

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The biggest banking crisis since the Great Financial Crisis of 2008 prompted investors to flee into gold last month, ending ten consecutive months of outflows, according to the latest report from the World Gold Council.

In its monthly ETF report, the WGC said 32 tonnes of precious metal, worth $1.9 billion, flowed in global gold-backed exchange-traded products in March.
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Looking at regional data, the report said that North American-based funds saw inflows of 12 tonnes last month, worth $806 million. At the same time, European funds saw inflows of 18 tonnes, valued at $927 million. Finally, the Asian ETF market saw inflows of 3 tonnes, worth $203 million.

Although March saw the gold ETF market sharply turn, demand last month wasn't enough to undo a relatively disappointing start to the year. The WGC said that gold-backed ETFs saw net outflows of 28.7 tonnes worth $1.5 billion in the first quarter of 2023.
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www.kitco.com

Gold ETFs see first inflows in 10 months as banking crisis sparks safe-haven buying

Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
www.kitco.com
 
Global physically backed gold ETFs1 saw a small outflow of US$920mn in the month, significantly narrower than the previous month.2 Holdings lowered to 3,236t, a 9t decline in November, while total AUM rose by 2% to US$212bn, supported by a meaningful 2% rise in the gold price.3

Regional highlights

North American funds attracted net inflows of US$659mn in November, putting a stop to the region’s five-month losing streak. ...
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Outflows narrowed significantly in November

www.gold.org www.gold.org
 
240106Chart-1.jpg


Since 2022 in- and outflows on one side and gold price on the other side have decoupled.
The expectation More ETFs inflows = more demand = higher price, seems to have no empirical base anymore.
 
pmbug said:
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So Western ETFs outflows ---> Asian ETFs inflows
I'm shocked :D

Beside, the prophecy says, the end of the days will see gold ETFs net outflows notwithstanding increased investment demand, in order to compensate for supply/demand imbalances.
In other words, those outflows is not investors selling because they think price will go down.
Rather it's metal requested by wholesalers and their customers, manufacturers/producers, that can't find metal anymore on the market.
 
GHqvzOrWAAEQYmZ


It looks like GLD has become a major source for physical gold
 
Gold-backed exchange-traded products are showing signs of life as they attracted some attention from North American investors last month, even as European markets continued to see significant outflows, according to the latest data from the World Gold Council (WGC).

The WGC released its latest report on monthly ETF flows on Tuesday, which showed that global outflows dropped to their slowest rate since February 2020 and are 21% lower than the month-end record of 3,915t in October.

The analysts noted that North American-listed funds saw holdings actually increase by 4.8 tonnes, valued at $360 million.
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More:


Wall Street is waking up on gold...
 
Watch PMs flow from the westvto the east. Once they get to China and India they are not coming back for a long time if ever. Also think about if Russia and South Africa become selective in their export partners.
 
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