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

21 hours ago

This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]

21 hours ago

Feb 6, 2026 12:00

Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]

Feb 6, 2026 12:00

Feb 6, 2026 09:27

A gold and silver reset, not a reversal

Gold and silver have recovered part of their recent losses following one of the sharpest corrections seen in precious metals in over a decade

Feb 6, 2026 09:27