Gold holdings go backwards

AFTER months of inflows, holdings in global gold-backed exchange-traded funds and similar products fell in February by 33 tonnes to 2479t, equivalent to $1.3 billion in outflows.
Gold holdings go backwards Gold holdings go backwards Gold holdings go backwards Gold holdings go backwards Gold holdings go backwards

Staff Reporter

The World Gold Council reports that global assets under management (AUM) fell by 2% in US dollars to $105 billion over the month.
 
However, global gold-backed ETF flows remain positive on the year ($1.7 billion, 2% AUM) on the back of strong inflows in January. 
 
Regional flows: North American funds had outflows of 29t ($1.2 billion, 2.3%AUM); holdings in European funds were flat (tonnage loss but fund inflows) -0.3t ($37 million, 0.1%); funds listed in Asia decreased by 3t ($147 million, 4.6%) Other regions were virtually flat, falling by 0.1t ($2.5 million, 0.2%) 

Overnight, the gold price was fixed at $1295 per ounce

The WTI crude oil price was up overnight at $58.49  per barrel.
 
In softer commodities, cocoa decreased $1 per tonne or 0.05% to $2203/t yesterday from the $2204 in the previous trading session, tradingeconomics.com reported. Historically, cocoa reached an all-time high of $4361.58/t in July of 1977 and a record low of $211/t in July of 1965.
 
Coffee increased 1.65c per pound or 1.78% to 94.45c/lb yesterday from 92.80c/lb in the previous trading session, tradingeconomics.com reported. Historically, coffee reached an all-time high of 339.86c/lb in April of 1977 and a record low of 42.50c/lb in October of 2001.
 

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