Gold ETF Inflows Break Yearly Record in Just Five Months

from Schiff Gold

Holdings in gold-backed ETFs charted another all-time high in May as inflows in dollar-terms have already set a yearly record just five months into 2020.

Globally, funds added another 154 tons of gold to their holdings boosting the total to a record 3,510 tons, according to the latest data released by the World Gold Council.

Over the past 12 months, assets in global gold-backed ETFs have nearly doubled

In dollar-terms, year-to-date inflows of $33.7 billion have already exceeded the previous high seen back in 2016.

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