Gold ETFs drew first net inflow in four years in 2024, WGC says

Physically backed gold exchange-traded funds (ETFs) registered a modest net inflow of $3.4-billion in 2024, their first inflow in four years, even though their holdings fell by 6.8-metric tons, the World Gold Council (WGC) said on Wednesday.

Gold ETFs store bullion for investors and account for a significant amount of investment demand for the precious metal, which hit a record high of $2 790.15/oz on October 31 and saw the strongest annual price growth since 2010 in 2024.