After four consecutive months of inflows, the gold-backed ETF holdings reported notable outflows in February 2019. The holdings dropped by 33 tonnes during the month. In accordance with the data published by the World Gold Council (WGC), the outflows were valued at $1.3 billion. Also, the holdings totaled 2,479 tonnes at the end of February this year. Meantime, year-to-date gold-backed ETF flows remained strong, mainly on account of robust inflows in January. It must be noted that global gold-backed ETFs had witnessed addition of 72 tonnes in Jan ’19 to take the total holdings of around 80 ETFs to 2,513 tonnes- the ... (full story)