Gold demand to slow down temporarily: WGC

Demand for gold in India is likely to slow down in the second quarter (April-June) due to COVID-related restrictions, before rebounding in the second half of 2021, according to the World Gold Council (WGC). Gold investment demand has already fallen in the first quarter of this calendar year (Jan-March) on hefty outflows in gold-backed exchange-traded […]

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Appetite for gold ETFs in Asia increased for the 9th successive month as global demand levels off: WGC

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Gold-backed ETFs and similar products recorded their ninth consecutive month of inflows in August 2020, albeit at their slowest pace for 2020, says a report from World Gold Council (WGC). Collectively, gold ETFs, added 39 tonnes during the month, equivalent to $ 2.1 billion or 0.9% of assets under management (AUM) as the price of […]

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Gold-backed ETFs post $1.3 billion outflow in November 2019: WGC

Gold-backed ETFs saw $1.3 billion of net outflows across all regions in November, according to the latest monthly data from the World Gold Council (WGC), driven by a stronger dollar, a Brexit extension, and stronger equity markets from September and October highs. However, global gold-backed assets under management still grew 35 per cent this year as a […]

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