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Gold sees strong investment inflows, led by China and India
The Business Guardian
|November 09, 2024
Global gold exchange-traded funds (ETFs) have recorded positive demand for the first time in 2024, with year-to-date inflows totaling 18 tonnes, as reported by the World Gold Council.
Asia has been a major driver of this trend, leading to a substantial 33% rise in assets under management (AUM) and an impressive inflow of USD 4.7 billion this year.
Asia Driving Growth with Record October Inflows Asian gold ETFs attracted USD 2.1 billion in October, marking the 20th consecutive month of inflows for the region. China has seen record-breaking investments in gold ETFs, fueled by rising local gold prices and stock market volatility. A wave of government stimulus measures in late September added momentum, resulting in October reaching the highest monthly inflows on record.
Denne historien er fra November 09, 2024-utgaven av The Business Guardian.
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