Investor holdings in the Goldessential monitored gold-backed exchange-traded funds were seen increasing 4.819 tonnes (154,930 ounces) or 0.30 pct in the week from November 26th up to and including December 3rd, in-house calculations based on official data showed on Friday.

Four of the ten monitored ETF’s announced an inflow over the reported period, whereas one reported a physical outflow. Five reported “no change”, although one announced a small decline that did not represent an actual physical flow.

Additionally, holdings in the Claymore Bullion Trust – which is one of the two funds not included in our weekly analysis on a standard basis, were gaining a spectacular 314,879 ounces or 9.79 tonnes (+78.70 pct) in the week up to December 3rd.

Holdings in the Swiss ZKB Physical Gold ETF – the second of the funds not included in the weekly analysis on a standard basis - were gaining 19,945 ounces or 0.62 tonnes (+0.41 pct) in the week to November 27th.

Considering the ETF’s under our standard analysis, we see that the largest inflow in absolute numbers was seen in the world’s largest bullion backed exchange-traded fund, the SPDR Gold Trust, where 116,721 ounces or 3.63 tonnes (+0.32 pct) were seen added.

The COMEX Ishares Gold Trust reported holdings to have increased 72,774 ounces or 2.26 tonnes (+2.80 pct). Holdings in the by ETF Securities marketed ETFS Metal Securities trust (PHAU) rose 11,088 ounces or 0.34 tonnes (+0.34 pct). Holdings in the smallest by ETF Securities marketed gold-trustS, the ETF Metal Securities Australia, rose 8,691 ounces or 0.27 tonnes (+1.83 pct).

The only physical decline in holdings over the reported period was seen in the Gold Bullion Securities trust, where 54,193 ounces or 1.69 tonnes (-1.30 pct) flowed out. All other monitored ETF’s reported no changes over the given interval, apart from the South-African NewGold, which announced a small decline of 151 ounces which was due to an internal revision.

Jointly, the ten monitored gold-backed exchange traded funds (excluding (1) and (2)) as such rose 0.30 pct over the latest week, extending the previous week’s 0.46 pct increase and seeing the fourth consecutive weekly rise. Total monitored holdings (excluding (1) and (2)) were now at 1,632.535 tonnes, a new record high. Grand total monitored holdings (including (1) and (2)) were at 1,805.002 tonnes, equally a fresh record high.

On a rolling month basis, the best performance (in percent) was seen in the Central Fund of Canada (+8.38 pct). On the second place stood the ETF Securities Metal Securities Australia (+4.67 pct). The third place was for COMEX Ishares Gold trust (+3.98 pct).

The Julius Baer Physical Gold ETF did the worst over the rolling month, with holdings down 3.75 pct, followed by the by ETF Securities marketed Gold Bullion Securities (GBS) (-0.10 pct).

Courtesy: www.goldessential.com

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