Commodities Buzz: Global Gold ETFs total AUM falls 1% in May

World Gold Council or WGC stated in a latest update that global gold ETF flows flipped negative in May (-US$1.8 billion). North America (-US$1.5 billion) and Asia (-US$489mn) led outflows while Europe witnessed inflows (+US$225mn). Global gold ETFs? total AUM fell 1% to US$374 billion amid the May outflow. Meanwhile, holdings lowered by 19t to 3,541t. Global gold market liquidity remained elevated despite a m/m fall, WGC noted.

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