World Gold Council released monthly gold market insights and 2022 gold ETF data

World Gold Council released monthly gold market insights and 2022 gold ETF data

2022 - a year of conflicting forces
Gold posted a small gain in 2022; no mean feat given an unprecedented rise in rates and a strong US dollar
2022 was a textbook example of gold’s stable and uncorrelated performance amid market turbulence
Weak institutional demand was offset by retail investment – driven by inflation and geopolitics – and central banks had an exceptional year of net buying.

Looking ahead
We find that developments since the launch of our 2023 outlook have been consistent with the markets’ consensus scenario, but with a nod to a more severe downturn, which could continue to be gold positive.

Download the monthly report
https://www.gold.org/goldhub/research/gold-market-commentary-december-2022

Gold ETFs saw outflows of US$3bn in 2022

Physically-backed gold ETFs saw outflows of US$3bn in 2022, equivalent to a decline in holdings of 110t (-3% y-o-y). This reflects an interesting year for gold ETFs, in which demand surged during the first four months – as geopolitical risk took centre-stage – before steadily giving back these gains as aggressive rate hikes dominated the narrative. At the end of 2022, global gold ETF assets under management (AUM) stood at US$203bn (3,473t).

https://www.gold.org/goldhub/research/gold-etfs-holdings-and-flows/2023/01