Mining News

Gold ETFs finish 2021 with outflows, still outperform pre-pandemic levels

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Gold exchange-traded funds (ETFs) experienced outflows of 173 t, or $9.1-billion, in 2021, driven by North American funds whose assets fluctuated in tandem with the gold price.

Collective gold holdings were down 5% year-on-year to 3 570 t for the year, while assets under management in value terms dropped by 9% year-on-year to $209-billion, as net outflows were compounded by a 4% contraction in the gold price.

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