Investor holdings in the by Goldessential monitored gold-backed exchange-traded funds were seen increasing 2.474 tonnes (+79,555 ounces) or 0.15 pct in the week from December 10th up to and including December 17th, in-house calculations based on official data showed on Friday.

Two additions were made to the ETF’s under our standard scope, namely the addition of the Claymore Bullion Gold Trust and the ETF Securities Physical Swiss Gold (SGBS). As such, the total number of monitored pure-gold backed exchange-traded funds rose to twelve, with the Swiss ZKB remaining out of our standard scope, due to infrequent and irregular updates.

Three of the twelve monitored ETF’s announced an inflow over the reported period, whereas two reported a physical outflow. Seven reported “no change”, although one announced a small decline that did not represent an actual physical flow. Additionally, holdings in the Swiss ZKB Physical Gold ETF dropped by 64,635 ounces or 2.01 tonnes (-1.35 pct) in the week up to December 11th. Considering the ETF’s under our standard scope of analysis, we see that the largest inflow in absolute numbers was seen in the SPDR Gold Trust, where holdings were seen gaining 137,214 ounces or 4.27 tonnes (+0.38 pct) over the reported period, thereby undoing some of last week’s over 15 tonnes decline.

Holdings in the by ETF Securities marketed ETFS Metal Securities (PHAU) were seen up 16,505 ounces or 0.51 tonnes (+0.50 pct). Holdings in the newly launched SGBS trust rose by 4,976 ounces or 0.15 tonnes on Thursday, December 17. In terms of outflows, the equally by ETF Securities marketed Gold Bullion Securities (GBS) was seen the biggest loser in terms of absolute ounces, as 49,007 ounces or 1.52 tonnes (-1.20 pct) were removed.

The Swiss- based Julius Baer Physical Gold ETF saw holdings dropping 30,000 ounces or 0.93 tonnes (-1.51 pct) over the reported period. All other - non-discussed - monitored ETF’s reported no changes over the given interval, apart from the South-African NewGold, which announced a small decline of 133 ounces which was due to an internal revision.

Jointly, the twelve monitored gold-backed exchange traded funds (excluding (1)) as such rose 0.15 pct, undoing some of last week’s 1.21 pct drop (-1.19 pct after revision and adjustment for newly added trusts). Total monitored holdings (excluding (1)) were now at 1,637.53 tonnes, below a revised record high of last week’s record high of 1,654.77 tonnes in the week to December 3rd. Grand total monitored holdings (including (1)) were at 1,784.60 tonnes, below a record high of 1,805.00 tonnes, equally in the week to December 3rd.

On a rolling month basis, the best performance (in percent) was seen in the Claymore Bullion Trust (+82.52 pct), followed by the by ETF Securities marketed ETFS Metal Securities Australia (+1.83 pct) and the COMEX Ishares Gold Trust (+1.29 pct). The Julius Baer Physical Gold ETF did the worst over the rolling month, with holdings down 7.56 pct, followed by the by ETF Securities marketed Gold Bullion Securities (GBS) (-3.82 pct).

Courtesy: www.goldessential.com

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