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SGOL - Gold Flows Into ETFs For Ninth Straight Month
Aberdeen Standard Physical Swiss Gold Shares
By SchiffGold
Globally, gold-holding in ETFs increased for the ninth straight month in August with the appetite for gold notably increasing in Asian markets.
ETFs added a net 39 tons of gold last month, according to the latest data from the World Gold Council.
Year-to-date net inflows of gold into ETFs total 938 tons valued at $51.2 billion. Inflows this year have boosted collective gold ETF holdings to an all-time high of 3,824 tons with assets under management of $241 billion. Year-to-date, gold ETF inflows have already surpassed the largest annual gain of 646