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World Gold Council: Global gold ETFs posted net inflows of $8 billion in the first half of the year

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ME News message: July 8 (UTC+8). A report from the World Gold Council shows that in June, listed funds across global regions continued to see outflows (-$8.9 billion). However, thanks to strong performance in the Asian market, global gold ETFs still recorded net inflows of $8 billion in the first half of the year. As of the end of June, global gold ETF assets under management totaled $526 billion, down 6% in the first half, mainly due to lower gold prices. Total holdings increased by 18 tons in the first half, reaching 4,047 tons. Gold market trading activity eased in June, but the average daily transaction value in the first half still hit a record high of $488 billion. (Jin Shi) (Source: ODAILY)
XAUUSD0.07%
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