Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Commerzbank: ETF Gold Holdings Highest Since December 2013

Commerzbank: ETF Gold Holdings Highest Since December 2013

May 19, 2016 13:44

Source:SMM

Gold holdings of global exchange-traded funds have been rising in May and hit the highest level in more than two years, points out Commerzbank.

Wednesday May 18, 2016 12:09

Gold holdings of global exchange-traded funds have been rising in May and hit the highest level in more than two years, points out Commerzbank. “Their holdings were topped up by a further 3.9 tonnes yesterday, putting inflows since the beginning of the month at a total of 66 tonnes now,” the bank says. “Currently, holdings in the gold ETFs tracked by Bloomberg are at their highest level since December 2013.” Gold ETFs trade like a stock but track the price of the metal, with gold put into storage to back the shares.

By Allen Sykora of Kitco News; asykora@kitco.com

ETF Gold Holdings

Commerzbank

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Commerzbank said on Thursday December 2 that it expects that by the end of next year, the copper prices should be trading around $9,500/mt.

Dec 3, 2021 14:54

Industry

Commerzbank Forecasts Copper Prices to be $9,500/mt by End 2022

Commerzbank Sees Growing Possibility of Corrections in Base Metals

Possibility is increasing for base metals to face corrections and the extent of corrections will grow as well, an analyst at Commerzbank said.

Sep 5, 2017 09:58

Industry

Commerzbank Sees Growing Possibility of Corrections in Base Metals

Commerzbank: Gold ETFs Post Big Outflow; Silver Inflows Continue

Global holdings of gold by physically backed exchange-traded funds collectively posted their highest daily outflow – of 11.3 tonnes – in nearly three weeks on Wednesday, Commerzbank reports.

Sep 2, 2016 12:25

SMM Comments

Commerzbank: Gold ETFs Post Big Outflow; Silver Inflows Continue

Global holdings of gold by physically backed exchange-traded funds collectively posted their highest daily outflow – of 11.3 tonnes – in nearly three weeks on Wednesday, Commerzbank reports.

Sep 2, 2016 12:25

Industry

UK still biggest importer of Swiss Gold during July

Swiss customs data show the country’s gold exports remained high last month and the U.K. remains a notable importer, said Commerzbank.

Aug 25, 2016 09:31

Industry

Gold likely to average $1,450 an ounce next year

Commerzbank hiked its year-end gold forecast by $100 to $1,350 an ounce and expects $1,450 an ounce.

Jul 19, 2016 16:52

Industry

Some physical investment demand shifting from Gold to Silver

Commerzbank has reported that some of the physical investment demand for precious metals is shifting from gold to silver.

Apr 7, 2016 09:15

Industry

Commerzbank, HSBC: Silver Starting To Outperform Gold

Silver has been outperforming gold lately, causing a decline in the gold-silver ratio, say HSBC and Commerzbank.

Mar 22, 2016 09:34

Industry

Silver starting to outperform Gold: Analysts

Silver has been outperforming gold lately, causing a decline in the gold-silver ratio, said analysts at HSBC and Commerzbank.

Mar 21, 2016 13:32

Industry

Gold Net Longs Fall At Fastest Pace In Three Months, Silver In Five Years - CFTC

Gold traders shed their long positions at the fastest pace in three months.

Jun 16, 2015 14:51

Industry

SMM Events & Webinars

All

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

Commerzbank: ETF Gold Holdings Highest Since December 2013

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit