World Gold Council or WGC stated in a latest update that global gold ETFs added US$38 billion (bn) in H1, boosted by a strong June (+US$7.6bn). Their total AUM rocketed 41% to US$383bn in H1, and collective holdings rose 397 tonnes (t) to 3,616t. North America (+ US$21bn) accounted for the bulk of inflows in H1. Followed by Asia (+US$11bn) and Europe (+US$6bn). Gold trading volumes averaged US$329bn/day in H1, the highest semi-annual value on our record, WGC noted.
Powered by Commodity Insights