Growth of European gold-backed ETFs outpaces US funds in 2017 – WGC

European gold-backed exchange-traded funds added more than double the amount of t that North American ones did in 2017, growing their assets by 13.9%, the World Gold Council (WGC) said on Tuesday. Though North America contained more than half the amount of global exchange-traded fund holdings, European funds added the most to their gold-backed ETFs last year. The additional 148.6 t were valued at $5.8-billion.