Gold ETFs Add $3 Billion in July Reversing Two-Month Outflow Streak
Global gold-backed exchange-traded funds (ETFs) attracted $3 billion in July, reversing two straight months of outflows and lifting total assets under management 1% to $530 billion. The turnaround coincided with gold ending a four-month losing streak, and the metal has carried that momentum into August. Europe Drives the July Turnaround Fund flows offer a close The post Gold ETFs Add $3 Billion in July Reversing Two-Month Outflow Streak appeared first on BeInCrypto.
Key Takeaways
- Global gold-backed exchange-traded funds (ETFs) attracted $3 billion in July, reversing two straight months of outflows and lifting total assets under management 1% to $530 billion.
- The turnaround coincided with gold ending a four-month losing streak, and the metal has carried that momentum into August.
- Europe Drives the July Turnaround Fund flows offer a close The post Gold ETFs Add $3 Billion in July Reversing Two-Month Outflow Streak appeared first on BeInCrypto.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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