Gold ETF Inflows Hit $3B in July After Recent Outflows: What’s Driving Gold ETF Inflows?
- Global gold ETFs attracted $3 billion in July after two consecutive months of outflows.
- European funds led July demand with $2 billion, followed by Asia with $616 million.
- US spot Bitcoin ETFs recorded $172.4 million in July net inflows across 22 sessions.
Global gold exchange-traded funds returned to net buying in July after investors withdrew money broadly during May and June. The funds attracted $3 billion globally, marking their strongest monthly intake since April and reversing the recent selling cycle. Their physical holdings increased by 23 tonnes in one month, while total assets under management rose 1% to $530 billion. The July rebound arrived as gold ended four straight monthly declines and recovered from prices near $4,000 per ounce.
European funds accounted for most July buying by dollar value, while Asian and North American products also recorded posit…
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