Golden levels last seen in 2013

GLOBAL gold-backed exchange-traded funds and similar products had $2.6 billion of net inflows across all regions in July, increasing their collective gold holdings by 52t to 2600t – a level not seen since March 2013.
Golden levels last seen in 2013 Golden levels last seen in 2013 Golden levels last seen in 2013 Golden levels last seen in 2013 Golden levels last seen in 2013

Staff Reporter

The World Gold Council reports that last month's flows continued the positive trend that had started in mid-May as uncertainty rose - whether from economic concerns, trade tensions or geopolitical risks - and global monetary policy started to shift to a more accommodative stance.
 
Regional fund flows were:
 
• North American-listed funds drove most of the global inflows in July.
 
• North American funds had inflows of 43t ($2.0 billion, 3.4% assets under management)
 
• Holdings in European funds rose by 7.5t ($483 million, 0.9%).
 
• Funds listed in Asia increased by 0.8t ($37 million, 1.1%).
 
• Other regions had inflows of 0.9t ($41 million, 2.8%).

 

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