(Mike Maharrey, Money Metals News Service) ETFs around the world continued adding gold to their holdings in October. However, the pace of gold accumulation slowed, with metal flowing out of North American funds.
ETFs globally added a net 19 tonnes of gold valued at $2.7 billion to their holdings in October. That drove cumulative ETF gold stocks to a record 4,275 tonnes. However, assets under management (AUM) by gold-backed funds dipped 6 percent to $542 billion, driven lower by last month’s big drop in the gold price.
Read Full Article: https://headlineusa.com/etf-gold-flows-slow-in-october-but-remain-positive/
