- Gold-backed ETFs recorded record net gold inflows, pushing holdings globally to record levels in 2020.
- Gold flowed into ETFs for 11 straight months in 2020 before reversing course in November as investors reduced hedges and increased risk-asset exposure amid positive sentiment following the US election and the announcement of successful COVID-19 vaccines.
- The World Gold Council expects many of the same drivers that made 2020 a record year to continue into 2021, including lower interest rates and improved opportunity costs, fiscal stimulus, lofty stock valuations, and the ongoing economic effects of COVID-19.
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ETFs Charted Record Gold Inflows In 2020, Holdings Hit All-Time High