Gold ETF Inflows Soar to Record High

Global investors poured $18 billion into gold-backed exchange-traded funds (ETFs) in August, pushing the total assets under management to a record high. This surge marked the second-largest monthly inflow on record, driven primarily by North American and European-listed funds.

The rally in the gold price and strong inflows contributed to a 16% increase in global gold ETFs' total AUM (assets under management) month-over-month to $615 billion. Holdings also rose 121 tonnes to a new high of 4,189 tonnes.

Gold market activity rebounded in August, with average daily trading volumes increasing by 21% month-over-month across all major market segments.