WGC: Western Funds Led Robust Gold ETF Inflows in August

The North American funds saw second consecutive month of inflows, adding $1.4 billion in August.

SEATTLE (Scrap Monster): August of this year saw inflows into global gold exchange-traded funds (ETFs) for the fourth consecutive month, driven primarily by Western funds, according to a recent study released by the World Gold Council (WGC). All regions recorded positive flows.

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Global physically-backed gold exchange-traded funds added $1.2 billion in August of this year. The global assets under management (AUM) increased by 4.5% to $257 billion as a result of the increase in gold prices. During the month, the total stocks increased by 29 tonnes to 3,182 tonnes. Gold ETF losses so far this year have decreased to $1 billion as a result of the strong inflows that occurred between May and August.

The North American funds saw second consecutive month of inflows, adding $1.4 billion in August. Also, August saw $362 million added to European funds, with funds listed in the UK and Switzerland leading the way.

The Asian funds recorded eighteenth straight month of inflows. The inflows totalled $32 million, which is the lowest since May 2023. India led inflows, followed by Japan. According to the WGC report, China halted its eight-month string of inflows to lead outflows for the month.

Australia and South Africa led the $264 million in inflows into the funds in Other Regions.

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