The gold holdings of the exchange-traded bearer bond Xetra-Gold (ISIN: DE000A0S9GB0) decreased to 166.5 tons at the end of 2024.
This is about 32 tons less than at the end of 2023, when they stood at 198.7 tons. While gold holdings have declined, the price of gold has continued to rise during this period and stood at €80.61 per gram at the end of the year. Xetra-Gold’s assets under custody thus increased by around 13 per cent compared to the previous year, to €13.5 billion.
“The long-term trend shows that gold investments in exchange-traded funds and physically-backed ETCs have become more established as an alternative to gold bars and coins. Nevertheless, European ETCs with physical collateralisation in particular have seen outflows this year. Especially in recent months, the high price of gold, among other things, has…
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