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Gold ETF holdings at fresh all-time high

"Year-to-date global net inflows of 938t (US$51.2 billion) have taken collective gold ETF holdings to a fresh new all-time high of 3,824t and AUM [assets under management] of US$241 billion," the council said.

The gold price also hit a record high during August of $2,067 per ounce.

"As equities continued to climb to new all-time highs, interest rates rose and yield curves steepened, investor positioning in the gold market consolidated later in the month and the gold price ended the month slightly lower (-0.38% or $1,957/oz) for the first time in five months," it said.

https://www.mining-journal.com/gold-and-silver-news/news/1394832/gold-etf-holdings-at-fresh-all-time-high

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