Gold ETFs Add $2.7 Billion in Net Inflows as Assets Under Management Fall 6%

The World Gold Council's October figures show global gold ETFs recorded $2.7 billion in net inflows as total holdings rose, while falling gold prices reduced the funds' asset value.

Holdings grew by 19 metric tons to 4,275 metric tons. Assets under management declined 6% to $542 billion over the month. European funds recorded the strongest inflows among regions.

In the third quarter, physically backed gold ETFs gained 211 metric tons, bringing total holdings to a record 4,256 metric tons.