1. Gold demand in Q3 surged 58% due to ETF inflows. 2. North American funds contributed 62% of global ETF inflows. 3. Gold prices hit $4,381 per ounce on October 20. 4. ETF trading volumes increased by 135% year-on-year. 5. US gold ETF holdings rose by 47 tonnes in October.
Significant ETF inflows buoy gold demand, suggesting robust ongoing interest in gold investments. Historically, spikes in ETF activity have correlated with increases in gold prices.
The article highlights substantial growth in gold ETF investments, crucial for AAAU's performance. Increased gold demand can directly uplift AAAU's value as a gold-backed ETF.
Current ETF trends are immediate indicators; short-term price movements likely to reflect the ongoing demand.