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AAAU - Flow Of Gold Into ETFs Sets Quarterly Record
Goldman Sachs Physical Gold ETF
By SchiffGold
Inflows of gold into gold-backed ETFs set a quarterly dollar record in Q1 2020 as holdings increased by the most tonnage in any quarter since 2016.
Gold-backed ETFs added 298 tons of gold through the first three months of 2020, amounting to $23 billion in net inflows. That pushed total holdings to a new record of 3,185 tons, according to data released by the World Gold Council.
Over the past 12 months, gold ETFs added 659 tons, the highest on a rolling annual basis since the 2008 financial crisis. Assets under management (AUM)