{"id":10677,"date":"2023-11-07T15:03:23","date_gmt":"2023-11-07T15:03:23","guid":{"rendered":"https:\/\/infundpros.com\/investment\/gold-etfs-record-fifth-successive-monthly-outflow-in-october\/"},"modified":"2023-11-07T15:03:24","modified_gmt":"2023-11-07T15:03:24","slug":"gold-etfs-record-fifth-successive-monthly-outflow-in-october","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=10677","title":{"rendered":"Gold ETFs Record Fifth Successive Monthly Outflow In October"},"content":{"rendered":"
\n

Global gold-backed exchange-traded funds (ETFs) endured further outflows in October, according to latest data from the World Gold Council (WGC).<\/p>\n

Net outflows from these physically backed funds amounted to $2 billion (or 37 tonnes) last month, the body noted. This was the fifth decline on the spin, although outflows were lower than the $3.2 billion or 59 tonnes recorded in September.<\/p>\n

Collective gold ETF holdings slipped to 3,245 tonnes, but assets under management (AUMs) improved 6% to $209 billion thanks to a 7% improvement in the yellow metal price.<\/p>\n

Gold barged through $2,000 per ounce in October as escalating conflict in the Middle East drove fresh safe-haven interest. This was the first time in five months that prices topped this psychologically-important milestone.<\/p>\n

The WGC noted that “rising yields drove outflows from Western funds, led by North America, while Asia and other regions experienced a positive month.”<\/p>\n

However, it added that “an incipient positive trend… started to form at the end of October.” The body said that this trend was most pronounced in Europe.<\/p>\n

<\/fbs-ad><\/p>\n

For the first 10 months of the year, cumulative gold ETF outflows totalled $13 billion, or 225 tonnes, the WGC said.<\/p>\n

Further Outflows in North America, Europe<\/h2>\n

North America led the way in terms of fund outflows in October, the region recording a $2 billion (or 28 tonne) month-on-month loss.<\/p>\n

The WGC said that “surging Treasury yields [in] early October overshadowed safe-haven demand from geopolitical risk and equity volatility later in the month.”<\/p>\n

This was the fifth consecutive monthly unwinding, meaning that North American funds lost $6 billion (or 104 tonnes) during the first 10 months 2023. Total holdings stood at 1,621 tonnes at the end of October.<\/p>\n

European funds, meanwhile, endured outflows of $622 million (or 11 tonnes) last month. However, this was down from the 28-tonne decline that was reported in September.<\/p>\n

The council said that “we believe stabilising yields, as the European Central Bank (ECB) paused its ten-month rate hiking spree and the region\u2019s inflationary pressure continued to slide, geopolitical risks and the rising gold price helped limit losses.”<\/p>\n

Between January and October, ETFs in Europe endured losses of $8bn (or 135 tonnes). Last month\u2019s reversal was also the fifth successive drop and chiefly reflected losses in the UK and Germany.<\/p>\n

Total holdings at the end of October clocked in at 1,432 tonnes.<\/p>\n

Asian Funds Increase<\/h2>\n

However, Asian funds continued to grow in October and net inflows of $81 million (or 1 tonne) were punched. This was the eighth monthly rise in a row as investors in both Japan and China contributed.<\/p>\n

During the first 10 months of 2023 Asian ETFs attracted inflows of $1 billion (or 15 tonnes). Aggregated holdings stood at 134 tonnes as of the end of October.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Global gold-backed exchange-traded funds (ETFs) endured further outflows in October, according to latest data from the World Gold Council (WGC). Net outflows…<\/p>\n","protected":false},"author":1,"featured_media":10678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-10677","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment"},"yoast_head":"\nGold ETFs Record Fifth Successive Monthly Outflow In October | inFundPros<\/title>\n<meta name=\"description\" content=\"Global gold-backed exchange-traded funds (ETFs) endured further outflows in October, according to latest data from the World Gold Council (WGC). Net\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=10677\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold ETFs Record Fifth Successive Monthly Outflow In October | inFundPros\" \/>\n<meta property=\"og:description\" content=\"Global gold-backed exchange-traded funds (ETFs) endured further outflows in October, according to latest data from the World Gold Council (WGC). Net\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=10677\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-07T15:03:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-07T15:03:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/11\/1699369403_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1418\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=10677#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=10677\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"Gold ETFs Record Fifth Successive Monthly Outflow In October\",\"datePublished\":\"2023-11-07T15:03:23+00:00\",\"dateModified\":\"2023-11-07T15:03:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=10677\"},\"wordCount\":443,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Investment\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=10677#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=10677\",\"url\":\"https:\/\/infundpros.com\/?p=10677\",\"name\":\"Gold ETFs Record Fifth Successive Monthly Outflow In October | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2023-11-07T15:03:23+00:00\",\"dateModified\":\"2023-11-07T15:03:24+00:00\",\"description\":\"Global gold-backed exchange-traded funds (ETFs) endured further outflows in October, according to latest data from the World Gold Council (WGC). Net\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=10677#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=10677\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=10677#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold ETFs Record Fifth Successive Monthly Outflow In October\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gold ETFs Record Fifth Successive Monthly Outflow In October | inFundPros","description":"Global gold-backed exchange-traded funds (ETFs) endured further outflows in October, according to latest data from the World Gold Council (WGC). Net","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=10677","og_locale":"en_US","og_type":"article","og_title":"Gold ETFs Record Fifth Successive Monthly Outflow In October | inFundPros","og_description":"Global gold-backed exchange-traded funds (ETFs) endured further outflows in October, according to latest data from the World Gold Council (WGC). Net","og_url":"https:\/\/infundpros.com\/?p=10677","og_site_name":"inFundPros","article_published_time":"2023-11-07T15:03:23+00:00","article_modified_time":"2023-11-07T15:03:24+00:00","og_image":[{"width":1418,"height":900,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/11\/1699369403_0x0.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=10677#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=10677"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"Gold ETFs Record Fifth Successive Monthly Outflow In October","datePublished":"2023-11-07T15:03:23+00:00","dateModified":"2023-11-07T15:03:24+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=10677"},"wordCount":443,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Investment"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=10677#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=10677","url":"https:\/\/infundpros.com\/?p=10677","name":"Gold ETFs Record Fifth Successive Monthly Outflow In October | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2023-11-07T15:03:23+00:00","dateModified":"2023-11-07T15:03:24+00:00","description":"Global gold-backed exchange-traded funds (ETFs) endured further outflows in October, according to latest data from the World Gold Council (WGC). Net","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=10677#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=10677"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=10677#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"Gold ETFs Record Fifth Successive Monthly Outflow In October"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/10677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10677"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/10677\/revisions"}],"predecessor-version":[{"id":10679,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/10677\/revisions\/10679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/10678"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}