New data released by the World Gold
April regional overview
North American funds, particularly in the US, represented nearly all the global outflows as the region lost 28.4 t (-US$1.6billion, -1.6%). In contrast, European funds saw inflows of 10.6 t (US$514 million, 0.6%), from funds across France, Switzerland, and the UK. Funds in ‘other’ regions also experienced net inflows but they were considerably smaller in magnitude. Asian-listed funds reversed their 2021 strength with very minor outflows of 0.5 t (-US$13 million) led by China, which lost 2 t (-US$111 million, -2.8%). However, funds in India continued to grow, adding 1.3 t (US$84 million, 4.4%) during the month.
Low-cost gold ETF segment continues to grow
Strong inflows continue to be seen into low-cost ETFs across the globe, most recently evidenced by 1.7 t (US$93 million, 473%) into WisdomTree Core Physical GoldGold
price performance and trading volumes
GoldGoldCOVID levels of 14%. This is well below gold’s realised volatility levels of 20% last year and lower than its historical 20-year realised volatility of 16%.
Read the article online at: https://www.globalminingreview.com/special-reports/10052021/gold-etf-outflows-continue-but-slow-with-gold-price-strength/