The World Gold Council’s monthly gold ETF report shows that global gold ETFs witnessed their third consecutive monthly inflows in July – the strongest month since April 2022 with western investors leading the charge due to renewed interest in the asset to diversify and safeguard their portfolios.
Other highlights from the report include:
Recent inflows and the rising gold price pushed global gold ETFs’ total AUM to USD246 billion, a month-end peak. Collective holdings rebounded to 3,154t, the highest since January
Trading volumes rose across the board in July with exchange-traded derivatives leading the rebound, and growing prospects of major central banks delivering rate cuts ahead pushed up COMEX gold future net longs to a multi-year month-end high.
