Gold ETF outflows accelerates to fourth month in September; turbulence seen in Q4: World Gold Council
Total assets under management (AUMs) in worldwide gold ETFs declined to $198 billion last month, impacted by a nearly 4% reduction in the gold price. The collective holdings of the yellow metal by global funds dropped 2% to 3,282 tonnes at the end of September, as per WGC report.
Exchange-traded funds (ETFs) backed by physical gold witnessed accelerated outflows in the month of September, latest data from the World Gold Council (WGC) shows.
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