Asian demand has dominated the physical gold market for the last two years, and now that trend has extended into the paper market, as demand for gold-backed exchange-traded funds (ETFs) has outpaced all other regions, according to the latest monthly data from the World Gold Council (WGC). The report said that global holdings in gold-backed ETFs increased by 115 tonnes, valued at $11 billion, to a total of 3,561 tonnes. This marks the fifth consecutive month of net inflows, with holdings now at their highest level since August 2022. However, analysts at the WGC noted that total holdings remain 10% below the record ... (full story)