PRECIOUS METALS | World Gold Council Reports $8 Billion Net Inflow Into Global Gold ETFs in First Half

Global gold ETFs recorded a net inflow of $8 billion in the first half of the year, despite continued outflows from listed funds across regions in June, the World Gold Council said in a report. According to Jin10, the report said June saw net outflows of $8.9 billion, but strong performance in Asian markets helped keep the first-half total in net inflow territory. As of the end of June, global gold ETF assets under management stood at $526 billion, down 6% in the first half, mainly due to lower gold prices. Total holdings rose by 18 metric tons in the first half to 4,047 metric tons. Gold market trading volumes eased in June, but average daily trading value in the first half still reached a record high of $488 billion, the report said.