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Morning Bites (part 2)

📈Gold-backed ETFs purchased net 18t in September, following the +29t in August. According to the World Gold Council (WGC), inflows were recorded in North American and Asian funds, which raised 16t and 2t, respectively, while European funds sold some 2t of gold

As we have noted previously, the return of ETFs to gold buying since May, after 11 months of net selling, creates additional positive momentum for the precious metal’s price

#ETF #gold
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