Gold ETF Inflows Break Records In September, Says World Gold Council

Core Insights - Investors significantly increased their investments in gold-backed exchange-traded funds (ETFs) in September, leading to the largest monthly inflow on record, with 146 tonnes added, compared to 53 tonnes in August [2][3] - The total monetary inflow for September reached $17.3 billion, pushing assets under management (AUM) to a new high of $472.5 billion, with third-quarter inflows totaling $26 billion, the strongest ever for any quarter [3][4] North American Market - North American investors contributed the most, adding 89 tonnes of gold worth $10.6 billion in September, resulting in total holdings of 1,966 tonnes and AUM of $245.5 billion [4][5] - This marks the fourth consecutive month of inflows for North American funds, driven by ongoing trade, policy, and geopolitical risks, alongside expectations of lower yields [5] European Market - European gold ETFs experienced their third-best month of inflows in September, with 37 tonnes added, raising total holdings to 1,436 tonnes and AUM to $176.6 billion [6][7] - The UK, Switzerland, and Germany were the leading countries in this activity, with the strong gold price rally contributing to increased demand [7] Asian Market - In Asia, gold ETFs added 18 tonnes valued at $2.1 billion, increasing total holdings to 334 tonnes and AUM to $41.6 billion, driven by strong demand in China and India [8] - The inflows in Asia were attributed to favorable local currency dynamics and heightened investment demand amid weaker domestic equities and ongoing geopolitical risks [8]