World Gold Council: Global gold-backed ETFs recorded net outflows for the seventh consecutive month

According to data released by the World Gold Council (WGC), the net outflow of global gold ETFs in December last year was about US$1 billion, recording a net outflow for the seventh consecutive month, and the total Holdings decreased by 10 tons to 3,225 tons. However, due to the rise in gold prices, the total global gold-backed ETF AUM rise 1% to US$214 billion. According to the report, European funds recorded net outflows of US$2 billion in December, while North American and Asian funds continued to buy gold, with North American funds increasing their holdings of gold for the second consecutive month with net inflows of US$717 million, while Asian funds recorded net inflows of US$208 million, marking the ninth consecutive month of gold inflows.

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