The World Gold Council (WGC) reported holdings in gold-backed ETFs reached all-time highs over March, with net inflows up by 5 percent ($8.1 billion). March capped a record-breaking quarter, as gold ETF holdings and assets added $23 billion in net inflows, the largest quarterly gain in history. European funds led with AUM growth of $4.4 billion (5.8 percent AUM).
The WGC reported, at the beginning of March, gold had outperformed most major asset classes so far in 2020, higher by over 7 percent; and over the past year, gold ETFs have seen their highest yearly addition since the financial crisis, with assets under management increasing by 57 percent.
North American funds added 4 percent to assets ($3.2 billion) ,and Asian funds, primarily in China, also finished the month with strong inflows, adding $309 million (6.4 percent AUM), while funds in other regions AUM grew 9.4 percent ($249 million).
Gold global trading volumes averaged $236 billion a day in March, an
