Investor holdings in the by Goldessential monitored gold-backed exchange-traded funds were seen increasing 7.407 tonnes (238,149 ounces) or 0.46 pct in the week from November 19th up to and including November 26th, in-house calculations based on official data showed on Friday.

Two of the ten monitored ETF’s announced an inflow over the reported period, whereas three reported a physical outflow. Five reported “no change”. 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 6,746 ounces or 0.21 tonnes (+1.71 pct) in the week up to November 26.

Holdings in the Swiss ZKB Physical Gold ETF – the second of the funds not included in the weekly analysis on a standard basis - were set down by 7,211 ounces or 0.22 tonnes (-0.15 pct), after new data was received for the week up to Nov 20th. This week, the largest inflow in absolute numbers was seen in the world’s largest bullion backed exchange-traded fund, the SPDR Gold Trust, where 333,311 ounces or 10.37 tonnes (+0.93 pct) were seen added. A smaller inflow was seen in the South-African NewGold ETF, at 15,547 ounces or 0.48 tonnes (+0.91 pct).

The largest physical outflow over the monitored interval was witnessed in the Swiss Julius Baer Physical Gold ETF, where 52,800 ounces or 1.64 tonnes (-2.49 pct) were removed due to profit-taking, the fund’s manager reported.

Holdings in the two of the three by ETF Securities marketed trusts were declining. The ETFS Metal Securities (PHAU) saw holdings down 35,399 ounces or 1.10 tonnes (-1.06 pct) and the Gold Bullion Securities (GBS) reported a decline in holdings on behalf of investors of 22,511 ounces or 0.70 tonnes (-0.54 pct). All other monitored ETF’s reported no changes over the given interval. Jointly, the ten monitored gold-backed exchange traded funds (excluding (1) and (2)) as such rose 0.46 pct over the latest week, extending the previous week’s 0.53 pct increase. Total monitored holdings (excluding (1) and (2)) were now at 1,627.716 tonnes, a new record high. Grand total monitored holdings (including (1) and (2)) were at 1,789.769 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 (+2.79 pct). The third place was for the world’s largest bullion-backed ETF, the SPDR Gold Trust (+2.12 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) (-1.78 pct).

Courtesy: www.goldessential.com

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