Gold holdings in exchange-traded funds climbed to a month-end peak, a sign that investor inflows are continuing to add fuel to bullion’s scorching rally.
Total holdings by ETFs increased to 3,932 tons at the end of November, a sixth consecutive month of growth, according to data from the World Gold Council. With more than 700 tons of this total purchased in 2025, inventories are set for their biggest-ever year of growth, the WGC said in a report.
