Gold ETFs Recorded Net Inflows in August: World Gold Council

The funds in the Asian region witnessed eighteenth straight month of inflows, primarily led by India. Japan also saw notable inflows.

SEATTLE (Scrap Monster): For the fourth consecutive month, global gold-backed exchange-traded funds (ETFs) increased their net gold holdings in August, said the latest report published by the World Gold Council (WGC). The gold-backed ETFs added 28.5 tonnes to their gold holdings during the month.

Positive flows were observed in every region, with Western funds leading the way. For the second consecutive month, the North American funds saw inflows, gaining $1.14 billion in the process.

ALSO READ:

WGC Report Provides Comparison Between Bitcoin and Gold

WGC: Import Duty Cut Boosted India's Gold Demand

The European funds attracted $362 million during the previous month. The region reported a fourth straight month of monthly inflows, though the pace of inflows slowed down in comparison with the prior month. The region’s inflows were led by funds listed in Switzerland and the UK.

The Asian fund market saw inflows for the eighteenth consecutive month, with India leading the way. Japan too saw a significant influx. After eight months of inflows, China was the country leading the outflows. With $264 million in assets, other regions saw an influx of funds for the third consecutive month.

The largest addition of 16.7 tonnes was recorded by SPDR Gold Shares, followed by SPDR Gold Minishares Trust and BMO Gold Bullion ETF, whose holdings were up by 6.3 tonnes and 4.9 tonnes respectively.

• Liebherr USA, Co. holds 2024 North America Sales and Training Seminar
• NextCycle Michigan Awards Nearly $100,000 to Projects Diverting Materials from Landfills
• Denver, CO Continues its Expansion of Citywide Compost Service
• The Product Stewardship Society Announces New Board of Directors for 2024-2025 Term