Gold ETFs Attract $3.7 Billion in July, Highest Inflows Since 2022

In July, global gold exchange-traded funds (ETFs) saw their largest inflows since April 2022, according to a report by Ernest Hoffman for Kitco News.

Data from the World Gold Council (WGC) revealed that gold-backed ETFs attracted $3.7 billion in new investment, marking the third consecutive month of positive inflows.

North American gold ETFs saw inflows of $2 billion, reversing earlier outflows due to safe-haven demand amid political uncertainty and expected monetary easing by the U.S. Federal Reserve. However, year-to-date, North American ETFs have seen outflows of $2.9 billion.

European funds added $1.2 billion, driven by declining bond yields and expectations of further monetary easing by the European Central Bank and the Bank of England, bringing European ETF assets to $103 billion.

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Asian gold ETFs, led by India, continued their streak of inflows with $3.6 billion in 2024, bringing total assets to a record $15 billion.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.