From the article · World Gold Council
Global physically-backed gold ETFs1 attracted US$10bn in September, capping a record quarter in which investors added US$31bn (Chart 1). All regions recorded inflows during the month, led by Europe and North America. Despite a lower gold price, which contributed to a 7% m/m decline in total assets under management to US$574bn, strong demand lifted global holdings by 67t to a record 4,256t.
Why it matters
The day-to-day drivers of gold and silver — bond yields, the dollar, inflation data and investor flows — set what bullion costs to buy and what existing holdings are worth.
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