Commerzbank: Gold ETF Holdings Post Second Straight 16-Tonne Decline

Published: Nov 15, 2016 09:18

Save

Holdings of gold by global exchange-traded funds have now fallen by roughly 16 tonnes for two days in a row, points out Commerzbank.

Monday November 14, 2016 08:13
Holdings of gold by global exchange-traded funds have now fallen by roughly 16 tonnes for two days in a row, points out Commerzbank, citing data tracked by Bloomberg. “As such, holdings in the gold ETFs have now been reduced both since the start of the month and since the start of the quarter,” Commerzbank says. Holdings in SPDR Gold Shares, the world’s largest gold ETF, stood at 934.56 tonnes as of the close of Friday compared to 955.03 two days earlier. Gold ETFs trade like a stock but track the price of the commodity, with metal put into storage to back shares.

gold prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

4 hours ago

Platinum Prices Fluctuated Within a Range, While Spot Premiums Remained Stable and Transactions Were Normal [SMM Daily Review]

4 hours ago

Silver Prices Continued Their Downtrend, Suppliers Held Back on Selling and Waited to See, While Sluggish Market Transactions Remained Unchanged [SMM Daily Review]

4 hours ago

6 hours ago

CME Group: Approved Changes in Gold, Gold (Enhanced Delivery), and Silver Storage Rates for Delaware Depository

Delaware Depository, a COMEX/NYMEX Depository for the storage and delivery of gold, gold (enhanced delivery), silver, platinum, and palladium deliverable against the Exchange’s respective futures contracts, will implement new rates in connection with Storage of Gold, Gold (Enhanced Delivery), and Silver at its facilities located in Delaware. The new rates reflect the maximum amounts of fees that can be charged and will be effective July 1, 2026.

6 hours ago