TREE NEWS reports: Global physically backed gold ETFs drew about $18 billion in net inflows in August, the second-largest monthly inflow on record, the World Gold Council reported. Assets under management rose 16% month-on-month to a record $615 billion, with holdings up 121 tonnes to 4,189 tonnes. In China, gold-related ETFs took in more than 10 billion yuan in net inflows in the year to September 14. Rising oil prices and expectations of Fed rate hikes are weighing on gold short-term.
Global Gold ETF Assets Hit Record $615B as August Inflows Reach $18B
AI take
The record sits alongside a near-record monthly inflow, so this is momentum in the ETF wrapper specifically rather than a broad re-rating of gold demand. China's sustained local inflows point to a second, regionally distinct buyer base that behaves on its own drivers. The tension worth watching is whether that ETF demand persists if the oil-price and Fed-rate expectations cited here keep pressuring gold short-term.
Generated by AI for reference only.
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