Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (145893)	10/9/2020 1:44:28 PM
From: LoneClone	Read Replies (1) \| Respond to of 195238

Gold ETFs surpass 1 000 t of new demand this year miningweekly.com 8th October 2020 By: Creamer Media Reporter Gold-backed exchange-traded funds (ETFs) and similar products recorded their tenth consecutive month of net inflows in September, reports the World Gold Council (WGC). Gold ETF holdings increased by 68.1 t, or 2% of assets under management (AUM), despite gold’s worst monthly price performance since November 2016. Global net inflows of 1 003 t for the year-to-date have led overall gold investment demand and taken the gold ETF holdings universe to a fresh new all-time high of 3 880 t and $235-billion of AUM, the council notes. North American funds led global inflows again in September, with inflows up by 34.6 t. After recording outflows in August, European funds added 26 t of inflows in September, while Asian funds added 6.8 t as two new funds launched in China for a second straight month, bringing the total number of new funds in the region to seven this year. Safe-haven demand and strong year-to-date returns in the domestic gold price fostered Indian fund inflows during the month, says the WGC. Funds listed in other regions experienced small inflows of 0.6 t in September.