Holdings in global gold-backed exchange-traded funds (ETFs) fell marginally, by 2.2 t, in May to 2 421 t, which is equivalent to $141-million in outflows, as consistent European fund growth was offset by outlows in North America and Asia.
The World Gold Council (WGC) on Thursday reported its statistics for last month, stating that global assets under management is US dollars rose by 1% to $101-billion as the price of gold rallied 1.7% during May.