Company: FGDL
Filing Date: 2025-08-26
Form Type: POS AM
Source: 0001137439-25-001038
Chunk: 39

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-26
Form: POS AM
Chunk 39
---
 it is important to understand historical movements in the price of gold. However, past movements in the price of gold are not indicators of future market conditions or future gold prices. The following chart provides historical background on the price of gold. The chart illustrates movements in the price of gold in USDs per ounce over the period from January 1, 2015 through July 31, 2025. The price of gold in the chart is based on the LBMA Gold Price PM and previously the London PM Fix. The LBMA Gold Price replaced the previously established London Gold Fix on March 20, 2015. 21 GOLD SUPPLY AND DEMAND Gold is a physical asset that is accumulated, rather than consumed. As a result, virtually all the gold that has ever been mined still exists today in one form or another. The following table sets forth a summary of the world gold supply and demand from 2018-2024. Please note all figures in the table below were obtained from publicly available sources including as reported by World Gold Council. The table reflects rounding and/or estimated data and may conflict with data sourced through other gold market analysis methodologies. World Gold Supply and Demand, 2018–2024 Global Gold Summary/Demand Summary

| Tonnes                       
 SUPPLY                       |     |  2018 |  2019 |  2020 |  2021 |  2022 |  2023 |  2024 |
| Mine Production              |     | 3,655 | 3,595 | 3,476 | 3,581 | 3,625 | 3,644 | 3,661 |
| Recycling                    |     | 1,132 | 1,276 | 1,293 | 1,136 | 1,140 | 1,234 | 1,370 |
| Net Producer Hedging         |     |    -- |     6 |    -- |    -- |    -- |    67 |    57 |
| Total Supply                 |     | 4,787 | 4,877 | 4,769 | 4,717 | 4,765 | 4,945 | 4,974 |
| DEMAND                       |     |       |       |       |       |       |       |       |
| Jewelry Fabrication          |     | 2,290 | 2,152 | 1,324 | 2,229 | 2,195 | 2,191