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Informist, Monday, Aug. 11, 2025

 

 

MUMBAI – Global gold exchange-traded funds saw inflows in July, adding $3.2 billion, mainly led by Western funds such as North America and Europe, the World Gold Council said in a report. Asia recorded slight inflows in July while other regions experienced mild outflows. Inflows to global gold ETFs are currently on track for their second strongest year on record, the council said. Global gold exchange-traded funds had seen inflows in June as well.

 

The total assets under management of global gold exchange-traded funds rose to $386 billion in July boosted by continued inflows and a higher gold price. Collective holdings increased by 23 tonnes to 3,639 tonnes, remaining the highest month-end total since August 2022, the council said.

 

European gold exchange-traded funds attracted $1.8 billion in July, the third consecutive monthly inflow, dominated by inflows from the UK. Weaker-than-expected economic data and a cooling labour market, among other factors, kept the local currency on a backfoot and contributed to rising safe-haven demand for the precious metal, WGC said. Switzerland and France also witnessed notable inflows during the month while German funds lost the most.

 

In North America, gold exchange-traded funds saw inflows of $1.4 billion in July, taking year-to-date inflows to $22 billion. While inflows remained positive in July, they slowed down from the previous month. "We attribute this to a short-term rebound in the dollar and a rise in rates, as expectations for future Fed cuts continue to be pushed further out," the council said.

 

Some investors also likely took profits and moved into equities, especially as recent trade announcement from Japan and the European Union lifted risk appetite. However, "we're also seeing speculative stocks gain traction, which could point to frothy conditions remerging. Still, the trajectory of US-China trade negotiations will likely remain one of the dominant drivers of future market sentiment," it added.

 

Asian funds recorded a mild increase of $93 million in July, led by Japan. China saw outflows during the month due to improving risk appetite among local investors, the council said. Japan and India continued to record inflows in July, attracting $215 million and $156 million, respectively. Funds in other regions registered modest outflows of $95 million in July.

 

Gold holdings with SPDR Gold Shares, the world's largest gold-backed exchange-traded fund, rose by 2 tonnes to 954.2 tonnes in July. The second-largest gold-backed exchange-traded fund, iShares Gold Trust, saw an outflow of 8.1 tonnes, with its holdings at 449.9 tonnes.

 

The daily average trading volume across all gold markets rose 2.3% on month to $297 billion in July. Total net long positions on the COMEX increased 12% on month to 676 tonnes in July, with net long positions of money managers rising 4%, WGC said. At 1257 IST, the December contract of gold on the COMEX was at $3,424.2 per ounce, down 1.9% from the previous close.  End

 

US$1 = INR 87.59

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

 

Reported by Ashutosh Pati

Edited by Subhojit Sarkar

 

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