Global gold-backed exchange-traded funds (ETFs) experienced a second month of inflows in June, according to the World Gold Council (WGC). Total fund holdings rose by around 18 tonnes last month, to 3,106 tonnes, with inflows totaling $1.4 billion, bringing assets under management (AUMs) to $233 billion.
Despite the positive trend in June, the first half of the year marked the worst performance for global ETFs since 2013, with outflows totaling 120 tonnes or $6.7 billion. Europe and North America saw significant outflows, while Asia was the only region with inflows during this period.
