According to data from the World Gold Council, global gold ETFs experienced monthly outflows in November, the first time since April, with a total outflow of $2.1 billion.

Among them, Europe saw the largest outflow of $1.9 billion, while North America increased its holdings by $79 million, the only region with fund inflows. Total assets under management decreased by 4% to $274 billion in November, but global gold ETF fund flows have reached $2.6 billion year to date, still positive. Collective holdings decreased by 29 tonnes to 3,215 tonnes in November. Demand has shifted from positive to negative since the beginning of the year, decreasing by 11 tonnes.