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18 October 2009 at 16:40 IST
Investor holdings in Gold ETFs rise by 6.669 tonnes
LONDON (Commodity Online): Investor holdings in the by Goldessential monitored gold-backed exchange-traded funds were seen increasing 6.669 tonnes (214,409 ounces) or 0.41 pct in the week from October 8th up to and including October 15th, in-house calculations based on official data showed on Friday.
Five of the ten ETF‟s announced an inflow and four „no change‟. One of the monitored ETF‟s reported a decline in holdings over the reported period. Additionally, the ZKB Physical Gold ETF – which is one of the two funds not included in our weekly analysis due to infrequent intra-week updates – dropped 12,692 ounces or 0.39 tonnes (-0.26 pct) in the week ending October 9.
The largest inflow in absolute figures was seen in the ETFS Metal Securities Gold trust (ETF Securities) at 73,421 ounces or 2.28 tonnes (+1.98 pct). In terms of percentages, the Swiss-based Julius Baer Physical Gold ETF saw 44,800 ounces or 1.39 tonnes (+2.13 pct) added to holdings on behalf of investors.
The equally by ETF Securities marketed and London-listed Gold Bullion Securities (GBS) saw holdings up 72,769 ounces or 2.26 pct (+1.74 pct). The COMEX Ishares Gold Trust (Barclays) announced an increase of 19,628 ounces or 0.61 tonnes (+0.82 pct) over the reported period. The South-African NewGold Debentures ETF (Absa) reported a smaller inflow of 3,791 ounces or 0.12 tonnes (+0.22 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 0.41 pct over the latest week, thereby extending gains of 0.98 pct in the prior week and posting the ninth consecutive weekly gain. Total monitored holdings (excluding (1) and (2)) were now at 1,619.62 tonnes, a new record high. Grand total monitored holdings (including (1) and (2)) were at 1,782.27 tonnes, equally a record high.
On a rolling month basis, the best performance (in percent) was seen in the NewGold Debentures ETF (+17.03 pct). On the second place stood the ETFS Metal Securities (+4.82pct). The third place was for the Swiss based Julius Baer Physical Gold ETF (+2.17 pct). There were no physical declines over the rolling month.
Courtesy: www.goldessential.com
MCX SILVER MINI 999 31 August 2012
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