Gold-backed exchange-traded funds (ETFs) saw a decline in assets under management (AUMs) in February, according to the World Gold Council (WGC). The total AUMs shrank by $2.9 billion to $206.3 billion during the month, with physical holdings decreasing by 49 tonnes to 3,126 tonnes.
February marked the ninth consecutive month of ETF holdings reversing, with North America experiencing significant liquidations. Total holdings in North America fell by 37 tonnes to 1,570 tonnes, leading to a decline in AUMs by $2.4 billion to $103.3 billion.
