Gold ETF investments reach $10 billion in Q3

Global gold ETFs experienced record inflows overall in September, attracting $10 billion—the highest level since the start of the year—lifting third-quarter flows to $31 billion. Despite a decline in gold prices, holdings increased by 67 tonnes to reach a record high of 4,256 tonnes, while the total value of assets under management declined by 7% to $574 billion. Investor allocations were led by Europe and North America, with the United Kingdom making the largest contributions. For the first time since 2021, flows into European funds surpassed those into North American funds. All regions experienced inflows, especially in the third quarter, despite rising opportunity costs due to the Federal Reserve's interest rate hikes, as well as increased inflation and economic risks. These factors further boosted gold's attractiveness as an asset for diversification.

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