World Gold Council: Global gold ETFs recorded a total net inflow of $8 billion in the first half of the year.
1 hours ago
The World Gold Council’s report shows that global listed gold funds saw outflows of $8.9 billion across all regions in June. However, driven by strong performance in Asian markets, global gold ETFs as a whole recorded a net inflow of $8 billion in the first half of the year. As of the end of June, the total assets under management (AUM) of global gold ETFs stood at $526 billion, down 6% in the first half, mainly due to lower gold prices. Total holdings rose by 18 tons year-to-date to 4,047 tons. Gold market trading volume declined in June, but the average daily turnover in the first half still hit a record high of $488 billion.
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