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The Kobeissi Letter
@KobeissiLetter
Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: support@thekobeissiletter.com
Joined June 2015
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BREAKING: Global physical gold-backed ETFs attracted +27.1 tonnes in inflows last week, the 3rd largest weekly inflow since January. Demand was driven by the US, at +15.9 tonnes, followed by Europe and Asia, at +6.5 tonnes and +4.6 tonnes, respectively. In Dollar terms, investors bought +$3.9 billion, the 4th-largest weekly inflow since February. This also marks the 11th consecutive weekly inflow. Over this period, global gold ETFs have attracted +208.3 tonnes in inflows, bringing total gold ETF holdings to a record 4,250 tonnes. Demand for gold ETFs remains remarkably strong.
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