ANI
09 Mar 2025, 11:41 GMT+10
New Delhi [India], March 9 (ANI): Global gold exchange-traded funds (ETFs) saw continued inflows during February as holdings across all regions grew, data made available by the World Gold Council (WGC) showed.
Investors in Asia in par bought gold ETFs aggressively in February, totalling USD 2.3 billion.
Amid uncertainty in stock markets, wealthy investors are parking their money in gold ETFs rather than buying physical gold. The year 2025 saw a strong interest in gold ETFs, marked by unprecedented inflows by far.
According to the Council, Indian investors maintained healthy gold ETFs inflows, albeit at a reduced pace compared to January's record levels.
China led the inflows in February, data showed.
'Despite positive equity market sentiment - particularly around AI stocks amid the DeepSeek frenzy - the surging local gold price was attention-grabbing. In fact, the Baidu Search Index of the keyword 'gold' rocketed to its highest since 2013,' WGC wrote in its monthly Gold ETF Commentary.
Moving on to Japan, another key market, it saw inflows again -- for the fifth consecutive month.
Funds in other regions added USD 159mn, their third consecutive monthly inflow. Australia once again dominated demand--experiencing its strongest month since September 2024--and South Africa also registered gains.
The sustained weakness in the equity markets has also been driving flows into gold ETFs, with investors pulling back from equities in favour of the safe-haven appeal of gold
'We have now seen three consecutive months of strong global inflows which, combined an upward trending gold price, have lifted total assets under management (AUM) to USD 306 billion,' WGC said.
On the contrary, the UK saw mild outflows, while Germany and Switzerland continued to book gains.
A Gold ETF is an exchange-traded fund (ETF) that aims to track the domestic physical gold price. They are passive investment instruments that are based on gold prices. (ANI)
Get a daily dose of Australian Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Australian Herald.
More InformationWASHINGTON, D.C.: Multi-billionaire Elon Musk, a close adviser to U.S. President Donald Trump, has welcomed his 14th child. His newest...
ROME, Italy: Italy's agricultural sector is bracing for a major hit as U.S. tariffs threaten exports of iconic products like Prosecco...
WASHINGTON, D.C.: Former U.S. President Donald Trump says he wants to cut federal funding for colleges that allow what he calls illegal...
CNN - In a recent interview with CNN's Christiane Amanpour, Canadian Foreign Minister Mélanie Joly expressed strong opposition to President...
NEWARK, New Jersey: Over the weekend, a FedEx Boeing 767 cargo plane hit a bird while taking off from Newark Airport. One of its...
WASHINGTON, D.C.: The Pentagon told its civilian employees that they must provide a list of five bullet points detailing their accomplishments...
MELBOURNE, Australia: An Australian warship rescued Lithuanian adventurer Aurimas Mockus this week after he became stranded in the...
New Delhi [India], March 9 (ANI): Global gold exchange-traded funds (ETFs) saw continued inflows during February as holdings across...
Kolkata (West Bengal) [India], March 9 (ANI): As India prepares to face New Zealand in the ICC Champions Trophy final in Dubai on Sunday,...
(Photo credit: Jayne Kamin-Oncea-Imagn Images) Lucky loser Botic van de Zandschulp recorded one of the biggest victories of his career...
Washington DC [US], March 9 (ANI): Amid the ongoing tariff war between the two countries, US President Donald Trump, during his conversation...
Kolkata (West Bengal) [India], March 8 (ANI): As India prepares to face New Zealand in the ICC Champions Trophy final in Dubai, former...