Global gold-backed ETFs see consecutive monthly inflows

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BEIJING, Oct. 23 (Xinhua) -- Gold-backed ETFs (exchange-traded funds) and similar products (gold ETFs) recorded their tenth consecutive month of net inflows by the end of September, according to data from the World Gold Council (WGC).

Global holdings of gold ETFs increased by 68.1 tonnes in September alone. Net inflows of 1,003 tonnes during the January-September period have boosted overall gold investment demand and taken the gold ETF holdings universe to a new all-time high of 3,880 tonnes.

Gold ETFs listed in North America led global inflows once again, up by 34.6 tonnes in September. After seeing outflows in August, European funds attracted 26 tonnes in September, according to the WGC.

During the same period, Asian gold ETFs added 6.8 tonnes, while funds listed in other regions experienced small inflows of 0.6 tonnes.

With two new funds launched in September, China's gold ETFs market continued to expand. As of the end of last month, the total holdings of gold ETFs listed in China reached a record high of 69.5 tonnes. Enditem

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