Physical Platinum holdings in the four standard monitored platinum-backed exchange-traded funds were seen rising 16,474 ounces or 512 kilos (+2.57 pct) in the week from January 28th up to and including February 4th, in-house calculations based on official data showed on Friday.

One of the four monitored ETF’s announced an inflow. One reported an outflow and two indicated “no change”.

Additionally, the ZKB Physical Platinum ETF – which falls out of the standard monitored trusts due to irregular updates - saw holdings dropping 3,170 ounces or 0.10 tonnes (-1.27 pct) in the week to Friday, January 29th.

The only inflow was seen in the U.S. ETF Securities Physical Platinum Shares, where investors added 30,041 ounces or 0.93 tonnes (+13.98 tonnes) to their holdings.

The ETFS Metal Securities Physical Platinum on the contrary saw holdings down 13,566 ounces or 0.42 tonnes (-3.26 pct) over the same period.

Total holdings (excluding ZKB data (1)) as such rose 2.57 pct to total 20.42 tonnes. Grand Total holdings (including ZKB data (1)) rose 1.50 pct to 28.07 tonnes.

Investor holdings in the by Goldessential monitored (pure-play) gold-backed exchange-traded funds were seen decreasing 5.856 tonnes (-188,288 ounces) or 0.36 pct in the week from January 28th up to and including February 4th.

Three of the thirteen monitored Gold ETF’s announced an inflow over the reported period, whereas five reported redemptions. Five others reported “no change”.

Courtesy: goldessential.com

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