Global physically-backed gold ETFs reported their third consecutive month of inflows in February, totaling US$9.4bn, the strongest since March 2022. North American flows flipped positive, recording one of its strongest months on record. European inflows narrowed, while Asia registered strong demand. The total assets under management (AUM) rose to US$306bn, another month-end peak.
Gold ETFs kicked 2025 off with a strong start: all regions saw inflows during January except North America. Europe dominated inflows, marking the strongest month since March 2022. Continued inflows and a record-breaking gold price sent total assets under management to US$294bn, another month-end peak.
Gold ETFs booked their first annual inflow in four years, and in December recorded US$778mn in inflows, due to increased demand in Asia and Europe. Global gold ETF inflows pushed total AUM to a record high US$271bn, while collective holdings fell slightly (-0.2%) in 2024.
Global physically backed gold ETFs reported a net loss for the first time in six months, losing US$2.1bn in November. Europe led outflows while North America recorded its fifth consecutive monthly inflow - albeit a smaller one - and stood as the only region to report positive flows during the month.
Global gold ETFs saw their sixth consecutive monthly inflow in October, adding US$4.3bn during the month. North America and Asia led global inflows while European remained the only region with outflows. October flipped y-t-d gold ETF demand to the positive territory (+18t) and pushed inflows during the first ten months of 2024 to US$4.7bn.
Global physically backed gold ETFs saw their fifth consecutive monthly inflow in September, attracting US$1.4bn. Inflows were concentrated in North America during the month while Europe was the only region that experienced outflows, albeit only mildly. Continuous inflows in recent months trimmed y-t-d outflows of global gold ETFs’ to flip positive to $389mn. It is worth noting that Europe is the only remaining region with y-t-d outflows.
Global gold ETFs saw inflows four months on a trot, attracting US$2.1bn (+29t) in August. Once again, all regions experienced positive flows this month and Western gold ETFs led inflows. Non-stop inflows in recent months have narrowed global gold ETFs’ y-t-d losses to US$1.0bn (-44t). During the first eight months of 2024, Asia has registered the largest regional inflows (+US$3.5bn) while Europe (-US$3.4bn) and North America (-US$1.5bn) have witnessed notable outflows.
Global physically-backed gold ETFs have now seen inflows three months in a row, adding US$3.7bn in July. Notably, all regions reported positive flows this month with Western gold ETFs contributing the most.
Global physically backed gold ETFs witnessed their second consecutive monthly inflows, attracting US$1.4bn in June. Inflows were widespread, with all regions seeing positive gains except for North America which experienced mild losses for a second month.
Physically backed gold ETFs saw their first monthly inflow since last May, amounting to US$529mn. A stronger gold price (+2%) and inflows pushed gold ETFs’ total assets under management (AUM) 2% higher to US$234bn, the highest since April 2022.
Featured Report
Global flows stay hot
US leads multiyear record inflows
Global physically-backed gold ETFs reported their third consecutive month of inflows in February, totaling US$9.4bn, the strongest since March 2022. North American flows flipped positive, recording one of its strongest months on record. European inflows narrowed, while Asia registered strong demand. The total assets under management (AUM) rose to US$306bn, another month-end peak.
Europe sees largest inflow in years
Gold ETFs kicked 2025 off with a strong start: all regions saw inflows during January except North America. Europe dominated inflows, marking the strongest month since March 2022. Continued inflows and a record-breaking gold price sent total assets under management to US$294bn, another month-end peak.
First positive December since 2019
Gold ETFs booked their first annual inflow in four years, and in December recorded US$778mn in inflows, due to increased demand in Asia and Europe. Global gold ETF inflows pushed total AUM to a record high US$271bn, while collective holdings fell slightly (-0.2%) in 2024.
November sees outflows again
Global physically backed gold ETFs reported a net loss for the first time in six months, losing US$2.1bn in November. Europe led outflows while North America recorded its fifth consecutive monthly inflow - albeit a smaller one - and stood as the only region to report positive flows during the month.
North America inflows go four-for-four
Global gold ETFs saw their sixth consecutive monthly inflow in October, adding US$4.3bn during the month. North America and Asia led global inflows while European remained the only region with outflows. October flipped y-t-d gold ETF demand to the positive territory (+18t) and pushed inflows during the first ten months of 2024 to US$4.7bn.
North America dominates inflows
Global physically backed gold ETFs saw their fifth consecutive monthly inflow in September, attracting US$1.4bn. Inflows were concentrated in North America during the month while Europe was the only region that experienced outflows, albeit only mildly. Continuous inflows in recent months trimmed y-t-d outflows of global gold ETFs’ to flip positive to $389mn. It is worth noting that Europe is the only remaining region with y-t-d outflows.
Western demand strength persists
Global gold ETFs saw inflows four months on a trot, attracting US$2.1bn (+29t) in August. Once again, all regions experienced positive flows this month and Western gold ETFs led inflows. Non-stop inflows in recent months have narrowed global gold ETFs’ y-t-d losses to US$1.0bn (-44t). During the first eight months of 2024, Asia has registered the largest regional inflows (+US$3.5bn) while Europe (-US$3.4bn) and North America (-US$1.5bn) have witnessed notable outflows.
Western activity picked up in July
Global physically-backed gold ETFs have now seen inflows three months in a row, adding US$3.7bn in July. Notably, all regions reported positive flows this month with Western gold ETFs contributing the most.
Sustained inflows in June narrowed H1 losses
Global physically backed gold ETFs witnessed their second consecutive monthly inflows, attracting US$1.4bn in June. Inflows were widespread, with all regions seeing positive gains except for North America which experienced mild losses for a second month.
Flows turned positive in May
Physically backed gold ETFs saw their first monthly inflow since last May, amounting to US$529mn. A stronger gold price (+2%) and inflows pushed gold ETFs’ total assets under management (AUM) 2% higher to US$234bn, the highest since April 2022.