World Gold Council: September global gold ETF holdings hit a new high

According to the latest data from the World Gold Council (WGC), in September, global gold ETFs recorded net inflows for 10 consecutive months; supported by investment demand, the net inflow of global gold ETFs this year has reached 1,003 tons, increasing the total holdings to 3880 tons Or a record high of US$235 billion. According to the report, although gold prices pulled back in September, after the cumulative gains in the previous months, there are usually shocks or corrections related to profit settlement. Despite weak prices, declining net long positions and lower average daily trading volume, the demand for gold ETFs is still rising, indicating that investors' long-term strategic allocation demand for gold remains strong.