The Global Experts on Gold

Global physically backed gold ETFs attracted US$18bn in August, marking the second-largest monthly inflow on record. Demand was driven primarily by North American- and European-listed funds, helping lift global gold ETF AUM by 16% to US$615bn while holdings rose 121t to a record 4,189t.

A bumper month for gold, driven by ETF flows, futures flows and options activity helped cement August as the third strongest monthly return in a quarter century. Looking forward, central bank intervention may be on the cards, but absent a credible fiscal plan, it is likely to reinforce gold’s appeal

Investors have long recognised the role commodities can play in diversifying portfolios and providing inflation protection. Gold, however, occupies a unique position within the commodities universe. Its distinctive market structure, long-term return profile, diversification benefits, inflation-hedging characteristics and deep liquidity support its role as a strategic asset in its own right, rather than simply a component of a broad commodities allocation.

Data on sectors of gold demand, supply, productions costs and futures market positioning

Benchmark gold prices, gold futures curves and local price premium/discount

Returns, volatility, correlations and trading volumes for gold, bonds, equities and other major asset classes

Data on central bank gold holdings, sales and purchases, as well as insights from annual surveys into central bank attitudes towards gold.