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Gold ETFs See Strong Demand In Volatile October After Robust Global Gold Demand In Q3

Summary:
– Gold ETFs saw inflows in volatile October as investors again hedged risk – Gold ETFs see demand of 16.5 tonnes(t) in October to total of 2,346t, the equivalent of USB in inflows – Global gold demand was robust in Q3 – demand of 964.3 tonnes – plus 6.2t yoy – Strong central bank and store of value coin and bar demand offset the gold ETF outflows in Q3 – Central bank gold reserves grew 148.4t in Q3, up 22% yoy – Gold coin and bar investors took advantage of the price dip and demand for gold coins and bars rose 28% yoy The latest research from the World Gold Council on gold demand trends in Q3 and demand for gold ETFs in October are must reads and point to strong ongoing demand which bodes well for the gold market in the coming  months. According to the World Gold

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