Aug. 7 at 3:57 PM
Global physical gold-backed ETFs posted +
$3.0 billion in inflows in July, the largest monthly intake since April.
This pushed global gold ETF holdings up +23 tonnes, to 4,068 tonnes, just below the all-time high of 4,176 tonnes posted on February 27th.
European funds led, at +
$2.1 billion, followed by Asia, at +
$600 million, and North America, at +
$71 million.
This follows -
$2 billion and -
$9 billion in monthly outflows in May and June, respectively.
Year-to-date, global gold ETFs have attracted +
$11.0 billion in inflows.
Global gold demand is rapidly recovering.
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