TREE NEWS reports: Global physically backed gold ETFs drew about $18 billion in net inflows in August, while China-listed gold ETFs took in more than 10 billion yuan since the start of August through September 14. Rising oil prices and expectations of Federal Reserve rate hikes are pressuring gold prices in the near term, though institutions expect central bank buying, reserve diversification and safe-haven demand to support the metal over the medium and long term.
Global Gold ETF Assets Hit Record; Inflows Top $18B in August
AI take
The record asset level is being driven by flows even as the near-term price backdrop stays hostile — rising oil and Fed hike expectations are headwinds, not tailwinds, for gold. That divergence is the real signal: ETF demand here looks less like a momentum trade and more like positioning around central bank buying, reserve diversification and safe-haven demand, with China-listed funds contributing their own sizeable share. Whether those medium-term supports keep outweighing the rate-and-oil pressure is the open question.
Generated by AI for reference only.
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