Global Gold ETFs See Record Inflows of $18 Billion in August
Gold exchange-traded funds (ETFs) recorded an inflow of $18 billion in August, marking the second-largest monthly influx on record and pushing total holdings to a new high of 4,189 tonnes. According to data from the World Gold Council, global gold ETF assets under management increased by 16% month-over-month to reach $615 billion, driven partly by rising gold prices. The inflow was led by European funds with $7.9 billion in purchases, including a record contribution of $4.4 billion from the UK and $1.5 billion from France. North American ETFs also saw strong demand, pulling in $7.7 billion—their third-largest monthly haul—while Asian funds added $2 billion, led by China. The World Gold Council attributed this surge to several factors including U.S.-backed yen support on July 31 and a Treasury buyback move on August 19.
