Global Gold ETFs Post Net Increase in H1 Despite May-June Outflows
Gold ETFs worldwide added gold holdings in the first half of the year, even after significant metal outflows in May and June.
XAUUSD
Despite notable outflows of physical gold during May and June, exchange-traded funds (ETFs) tracking the metal globally registered a net increase in gold holdings over the first six months of the year.
This trend indicates continued investor interest in gold as a hedge or store of value, even amid short-term selling pressure in the late spring months.
Source: FXStreet Forex News