August witnessed the ninth consecutive month of inflows into gold-backed ETFs, according to the World Gold Council (WGC), albeit at their slowest pace in 2020.
The World Gold Council’s latest report finds that gold-backed ETFs recorded their eighth consecutive month of positive flows, adding 166 tonnes (t) in July – equivalent to USD9.7 billion or 4.1 per cent of assets under management (AUM).
Gold has made it through the USD2,000 per troy ounce level for the first time ever, following a 32 per cent rally this year in the precious metal.
Researchers at digital asset specialists 21Shares have uncovered further details on a recent gold counterfeiting attempt – is bitcoin the way forward, they ask.
Perth Mint has published a statement detailing its actions during a review of its activities by the London Bullion Market Association, and in response to media reports.
The recent gold rush has brought attention to gold ETPs based on sovereign mints. Australia’s Perth Mint details its gold ETP and ETF offerings.