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Gold-backed ETFs added another 122 tons of gold globally in August and total holdings are nearing all-time highs.
Total told ETF gold holdings have reached 2,733 tons. That’s just 52 tons away from the all-time high reached in 2012 when the price of gold was 9% higher, according to the most recent data released by the World Gold Council.
Over the last three months, ETFs globally have increased gold holdings by 13%.
Funds in every region saw net increases in gold holdings in August.
North America funds led August’s flows, adding 78 tons.