JOHANNESBURG (miningweekly.com) – Holdings in physically-backed gold exchange-traded products (ETPs) decreased by 96.9 t, or 4%, month-on-month to 2 142.4 t in December, according to the World Gold Council.
In value terms, total holdings stood at $78.9-billion, 7% lower month-on-month.
The majority of the decline was borne by funds in North America and Europe, partly owing to a high base effect. Their respective holdings were 1 181.4 t and 849.1 t, down 6% and 3% month-on-month.