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Gold ETC holdings reach new high as platinum sees rising inflows

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The gold holdings of ETF Securities physically-backed gold ETCs set a new record of 7.084 million ounces (USD6.66bn) in the week ending 27 February 27, up 59,119 ounces from the previou

The gold holdings of ETF Securities physically-backed gold ETCs set a new record of 7.084 million ounces (USD6.66bn) in the week ending 27 February 27, up 59,119 ounces from the previous week and the seventh consecutive weekly increase.

ETF Securities’ gold ETC assets are the largest gold holdings of any exchange traded products in Europe and the second largest in the world.

Platinum has also seen increased investor interest recently, with ETFS Physical Platinum seeing its assets rise by 30,362 ounces (equivalent to USD32m) over the past two weeks, bringing total holdings to 220,388 ounces (some USD230m). In the past month the physical platinum holdings of the ETC have increased by 19.6 per cent.

Platinum is the second best performing commodity on ETF Securities’ commodity platform this year, up 18 per cent in US dollars and 19 per cent in sterling. The best performing commodity is silver, up 22 per cent in US dollars and 24 per cent in sterling.

Agriculture ETCs have also seen increased inflows, with combined flows into ETFS Forward Agriculture and ETFS Agriculture up by more than USD7m last week, bringing total flows into agriculture ETCs this year to USD138m.

Although strongest interest has been in broad basket agriculture ETCs, at an individual commodity level the strongest interest has been in ETFS Wheat and ETFS Soybeans. Assets under management in agriculture ETCs now total USD675m.

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