Thursday, October 29, 2020

Tag: ETF Gold Holdings Hit Highest Level Since March 2013

ETF Gold Holdings Hit Highest Level Since March 2013

by Peter Schiff, Schiff Gold:

Gold holdings in gold-backed ETFs globally surged to the highest level in over six years in July.

Gold-backed ETFs added 52 tons of gold last month, with net inflows totaling $2.6 billion, according to the latest data released by the World Gold Council. This follows on the heels of a June increase that totaled 127 tons.

Globally, gold-backed funds now hold 2,600 tons of gold. That’s the highest level since March 2013.