Solutions For RealSolutions For Real
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

How I Went From Side Hustle to 7 Figures Using These 4 AI Tools (No Tech Skills Needed)

July 12, 2025

How Mastering Your Nervous System Boosts Leadership Presence and Performance

July 12, 2025

Mortgage rates tick higher for first time in weeks

July 11, 2025
Facebook Twitter Instagram
Trending
  • How I Went From Side Hustle to 7 Figures Using These 4 AI Tools (No Tech Skills Needed)
  • How Mastering Your Nervous System Boosts Leadership Presence and Performance
  • Mortgage rates tick higher for first time in weeks
  • Social Security & The Big Beautiful Bill
  • Ford Recalls 850,000 Vehicles: What It Means for Your Safety and Your Finances
  • Mark Cuban Says AI Will Mint a Trillionaire. Start Your Climb Here
  • Here’s How Much Google Pays Software Engineers, Designers
  • This Former NFL Player Built a Brand Around Nasal Breathing
Saturday, July 12
Facebook Twitter Instagram
Solutions For RealSolutions For Real
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Solutions For RealSolutions For Real
Home » Gold ETF Outflows Cooled During July
Investing

Gold ETF Outflows Cooled During July

News RoomBy News RoomAugust 8, 20231 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

The pace of outflows from global gold-backed exchange-traded funds (ETFs) slowed in July, data from the World Gold Council (WGC) shows.

Funds backed by physical gold experienced outflows of $2.3 billion last month. This was equivalent to some 34 tonnes, and pushed total holdings down to 3,387 tonnes.

However, this was down from the 56-tonne outflow recorded in June.

Meanwhile, total assets under management (AUMs) rose 2% to $215 billion in July “as a rebound in gold price more than offset negative flows,” the WGC said.

The council noted that the improved bullion price also helped moderate outflows from gold ETFs. Gold values rose more by than $40 per ounce in July to end the month around the $1,970 marker.

During the first seven months of 2023, gold ETFs experienced outflows of $4.9 billion. There was a cumulative reduction in holdings of 84 tonnes.

North American Holdings Drop Again

The WGC said that all regions except for Asia experienced fund outflows in July, with ETFs in North America reporting their second consecutive monthly outflow.

Funds in the region endured a $986 million outflow last month, equivalent to 16 tonnes.

This took total AUMs and holdings to $110 billion and 1,728 tonnes respectively.

The WGC noted that last month’s outflow was less than half the $2 billion recorded in June, and commented that changing forecasts for interest rates have boosted sentiment towards the yellow metal last month.

The body said that “the US Fed increased rates by 25 [basis points] in July, but with recent inflation data softening, investors expect the Fed’s current tightening cycle to end soon.”

However, it added that “while such expectations supported the gold price, they also led to investor risk-on sentiment and a rally in equities, which may have diverted investment away from gold.”

Europe Falls, Asia Bucks The Trend

Meanwhile, outflows in European ETFs totalled $1.3 billion or 19 tonnes in July. Total holdings consequently dropped to 1,480 tonnes, while AUMs sank to $94 billion.

The WGC noted that “the European Central Bank and the Bank of England lifted their policy rates to multi-decade highs” last month in response to high inflation.

It added that “combined with investor expectations of further rate hikes ahead, interest in gold ETFs remained tepid in the region.”

But funds in Asia enjoyed inflows during July thanks to strong interest from Japanese investors.

Funds added $132 million worth of metal, equivalent to 2 tonnes. This meant that aggregate holdings rose to 121 tonnes, while AUMs increased to $8 billion.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

How Mastering Your Nervous System Boosts Leadership Presence and Performance

Investing July 12, 2025

This Former NFL Player Built a Brand Around Nasal Breathing

Investing July 11, 2025

Jack Dorsey Announces Bitchat Messaging App

Investing July 8, 2025

5 Generations, 1 Team — Heres How to Lead a Multigenerational Workforce

Investing July 7, 2025

How to Deal With Negative Articles on Google

Investing July 6, 2025

101 Small Business Ideas to Match Your Personality, Investment, Skills & Goals

Investing July 5, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

How Mastering Your Nervous System Boosts Leadership Presence and Performance

July 12, 20250 Views

Mortgage rates tick higher for first time in weeks

July 11, 20250 Views

Social Security & The Big Beautiful Bill

July 11, 20250 Views

Ford Recalls 850,000 Vehicles: What It Means for Your Safety and Your Finances

July 11, 20250 Views
Don't Miss

Mark Cuban Says AI Will Mint a Trillionaire. Start Your Climb Here

By News RoomJuly 11, 2025

Kathy Hutchins / Shutterstock.comMark Cuban is making a bold prediction that has everyone talking: AI…

Here’s How Much Google Pays Software Engineers, Designers

July 11, 2025

This Former NFL Player Built a Brand Around Nasal Breathing

July 11, 2025

What My First Failed Startup Taught Me — and How I Finally Got It Right 20 Years Later

July 11, 2025
About Us
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

How I Went From Side Hustle to 7 Figures Using These 4 AI Tools (No Tech Skills Needed)

July 12, 2025

How Mastering Your Nervous System Boosts Leadership Presence and Performance

July 12, 2025

Mortgage rates tick higher for first time in weeks

July 11, 2025
Most Popular

51 Reasons I Won’t Lend Money to Friends and Family

August 6, 20231 Views

How I Went From Side Hustle to 7 Figures Using These 4 AI Tools (No Tech Skills Needed)

July 12, 20250 Views

How Mastering Your Nervous System Boosts Leadership Presence and Performance

July 12, 20250 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Solutions For Real. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.