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المشهد العربي
Global gold funds see 3B dollar inflow
During July, gold exchange-traded funds (ETFs) experienced inflows of $3 billion, leading to a 1% increase in assets under management to $530 billion, with holdings rising to 4,068 tons. This growth was primarily driven by European funds, which recorded inflows of $2.14 billion, especially in the United Kingdom and Switzerland, while Asian markets absorbed $616 million. The decline in technology sector stocks and market risk concerns prompted investors to turn to gold as a hedge and a means of diversification for their portfolios.
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