The gold holdings of Xetra-Gold (ISIN: DE000A0S9GB0) have decreased in the first half of 2024. They now amount to 175,5 tonnes, signifying a contraction of 23.2 tonnes over the year.
At the beginning of 2024, the holdings were still 198.7 tonnes of gold. Over a period of five years, the holdings have decreased by 18.8 tonnes, while the gold price per gram in euros has risen by 75 per cent overall.
“In the last half-year, there were primarily outflows of gold securities in North America and Europe, as many investors sold their shares at peak levels. At the same time, the global gold buying frenzy among central banks continues, especially in Asia. This drives the gold price to ever new highs – to the disadvantage of investors, who are now bypassed by the gold price rally.
We see that, especially due to the recent interest…
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