Mumbai, March 7 -- According to a latest update from the World Gold Council or WGC, global gold ETFs demand surged in February, adding US$9.4bn, with North America (+US$6.8bn) reporting their strongest month since July 2020. European inflows narrowed (+US$151mn), while Asia showed strength (+US$2.3bn). Strong inflows and a higher gold price pushed total AUM to another month-end peak of US$306bn and holdings rose 100t to 3,353t. Global gold trading volumes rose further, averaging roughly US$300bn/day in February. LBMA volumes climbed, as dealers moved gold in response to US tariff concerns, and activities at exchanges increased modestly, WGC noted.
Published by HT Digital Content Services with permission from Capital Market....