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Informist, Friday, Sept. 5, 2025

 

MUMBAI – Global gold exchange-traded funds recorded net inflows for the third consecutive month in August, adding $5.5 billion, led by Western funds such as North America and Europe, the World Gold Council said in a report. Asia and other regions recorded a few outflows during the month. The year-to-date inflow of $47 billion reached the second-strongest on record after the peak of 2020, the report said.

 

Inflows in August and a rise in gold prices pushed the total assets under management of global gold ETFs to $407 billion, up 5% on month. Collective holdings rose 53 tonnes to 3,692 tonnes, "the highest month-end value since July 2022 and 6?low the record of 3,929t (tonnes), which was reached the first week of November 2020," WGC said.

 

North American gold exchange-traded funds added $4.1 billion in August, the region's third consecutive monthly inflow. Expectations of an interest rate cut by the US Federal Reserve after Chair Jerome Powell's comments at Jackson Hole was an important catalyst for the inflows towards the end of August. "Outflows that had been seen in the days leading up to Jackson Hole reversed swiftly, as investors anticipated a September rate cut," WGC said.

 

European funds recorded inflows for the fourth straight month in August, adding $1.9 billion, with the UK, Switzerland, and Germany leading the way. "During the month, the US imposed a surprise 39% tariff on Switzerland, the highest on any developed nation. This sudden and unexpected hit has affected the country's economic prospects, pushed up safe-haven needs among local investors and increased demand for gold," the council said.

 

Asian gold exchange-traded funds flipped negative in August, recording outflows of $495 million, with China losing the most, WGC said. Albeit India saw its fourth consecutive monthly inflow in August, supported by rising safe-haven needs amid weak equities as well as ongoing global trade and geopolitical risks, they were not sufficient to offset Chinese outflows. Flows in other regions remained slightly negative, shedding $50 million, it said.

 

Gold holdings with SPDR Gold Shares, the world's largest gold-backed exchange-traded fund, rose by 23.2 tonnes to 977.4 tonnes in August. The second-largest gold-backed exchange-traded fund, iShares Gold Trust, saw an inflow of 6.3 tonnes, with its holdings at 456.2 tonnes.

 

The daily average trading volume across all gold markets fell 2% on month to $290 billion in August. Total net long positions on the COMEX fell over 3% on month to 652 tonnes in August while net long positions of money managers rose nearly 4%, WGC said. At 2045 IST, the December contract of gold on the COMEX was at $3,647.8 per ounce, up 1.1% from the previous close.  End

 

US$1 = INR 88.27

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Ashutosh Pati

Edited by Deepshikha Bhardwaj

 

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