By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Commerzbank reports six straight months of net inflows for Gold ETFs
Share
Notification Show More
Recent Saved
Workers in Bucharest face challenges as temperatures rise
World
Dress code guidelines for the Qatari government sector during office hours
Qatar
Court rules in favor of worker after company dismisses him for salary deductions over 6 years, awarding BD 27,000.
Bahrain
UAE to See Almost 30,000 New Millionaires in 5 Years
UAE
Proposed New Labor Law in Bahrain Targets Increasing Job Opportunities
Bahrain
Latest News
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech
Beat the Heat This Summer with a Chill Out on Dubai Marina
World
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World
Jordan to Host Iraq in the Final Round of the Asian World Cup Qualifiers After Securing Historic Spot
Sports
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Forex > Commerzbank reports six straight months of net inflows for Gold ETFs
Forex

Commerzbank reports six straight months of net inflows for Gold ETFs

News Room
Last updated: 2024/11/12 at 2:40 PM
News Room
Share
3 Min Read
SHARE

Gold ETFs saw net inflows for the sixth consecutive month in October, according to Commerzbank’s commodity analyst Carsten Fritsch. The World Gold Council reported that 43 tons of Gold flowed into ETFs during the month, bringing the total to almost 164 tons since May. This marks the first time this year that Gold ETF holdings surpassed the levels seen at the end of 2023, reversing the net outflows experienced in the first four months of the year.

In October, net inflows were seen in North America (30 tons) and Asia (23 tons), while there were net outflows in Europe (11 tons). The uncertainty surrounding the US elections drove the inflows in North America, while Asia, specifically China, saw a record inflow for the month. This is significant as traditional Gold demand for jewellery, bars, and coins in China has been weak recently. However, it is unclear whether this shift in Gold demand towards ETFs is a long-term trend. In Europe, widespread ETF outflows were seen across major markets, attributed to rising yields and the weakness of local currencies.

The consistent net inflows into Gold ETFs highlight investors’ continued interest in the precious metal as a safe haven asset. The uncertainty leading up to the US elections and ongoing economic challenges may have contributed to this trend. Additionally, the record inflows in China suggest a changing trend in Gold demand in the region, with ETFs becoming a more popular investment choice. The reversal of net outflows from earlier in the year indicates a growing confidence in Gold ETFs among investors.

The outflows in Europe, on the other hand, reflect the challenges faced by the region, including rising yields and currency weaknesses. These factors may have led investors to seek alternative investment options, resulting in the net outflows from Gold ETFs. However, it is important to note that the overall trend of net inflows for Gold ETFs globally indicates a positive outlook for the precious metal as an investment in the current economic environment.

Looking ahead, it will be interesting to see if the trend of net inflows into Gold ETFs continues in the coming months. The impact of global economic challenges, geopolitical events, and market volatility on Gold prices and investor sentiment will likely play a role in shaping the future of Gold ETF investments. In the meantime, investors will continue to monitor the performance of Gold ETFs and assess the potential risks and opportunities associated with investing in the precious metal.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room November 12, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Amir decides to establish Board of Directors for Supreme Committee for Delivery and Legacy
Next Article Saeed Al-Mouri, Saudi Champion, achieves remarkable accomplishment in Radical World Championship in Abu Dhabi with assistance from Bin-Shihon Group
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports July 6, 2025
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech July 1, 2025
Beat the Heat This Summer with a Chill Out on Dubai Marina
World July 1, 2025
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World June 28, 2025

You Might also Like

Forex

Pound Sterling Price Update and Prediction: GBP strengthens as risk sentiment improves

January 6, 2025
Forex

Elliott Wave Technical Analysis of NVIDIA Corp. (NVDA) [Video]

January 6, 2025
Forex

EUR/USD: Is it a Dead Cat Bounce? – OCBC

January 6, 2025
Forex

AUD/JPY maintains gains around 98.50 following PMI data release

January 6, 2025
Forex

NZD/USD edges up to nearly 0.5650 after China’s Caixin Services PMI

January 6, 2025
Forex

Japanese Yen bulls stay on the sidelines as USD/JPY remains steady above the mid-157.00s

January 6, 2025
Forex

Silver Price Prediction: XAG/USD bears in control below $30.00 near 200-day SMA

January 6, 2025
Forex

Gold price drops from multi-week high due to hawkish Fed expectations

January 6, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?