Mumbai, Feb. 6 -- World Gold Council or WGC has stated in a latest update that Gold exchange traded funds saw a surge in flows. Global gold ETFs attracted a record US$18.7 billion (bn) in January, with every region reporting inflows; Asia (+US$9.6bn) and North America (+US$6.8bn) led the way. Total AUM reached a new all-time high of US$669bn, supported by a 14% rise in the gold price; holdings also climbed to a record 4,145 tonnes. Trading volumes surged too, averaging US$623bn/day in January-the strongest month on record.
Published by HT Digital Content Services with permission from Capital Market....