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Gold ETF Outflows accelerated in September 2023: WGC

Updated: Oct 19, 2023

Gold-backed ETFs and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies. Flows in ETFs often highlight short-term and long-term opinions and desires to holding gold. The data on this page tracks gold held in physical form by open-ended ETFs and other products such as close-end funds, and mutual funds. Most funds included in this list are fully backed by physical gold.

Physically-backed gold ETFs saw another monthly outflow, losing US$3bn, equivalent to a 59t reduction in holdings by the end of September. Total AUM settled at US$198bn, further impacted by a nearly 4% reduction in the gold price, while collective holdings dropped 2% to 3,282t. September pushed Q3 losses in gold ETFs to US$8bn (-139t), with North America accounting for the vast majority (US$6bn). European funds also witnessed heavy outflows, while Asia captured notable inflows, adding 11% to holdings.

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