Chinese investors record largest monthly gold ETF outflow in June at $2.22B
Chinese investors withdrew a record $2.22 billion from gold ETFs in June, marking the largest monthly outflow as risk appetite improved amid equity gains and a weaker gold price.
According to data from the World Gold Council (WGC), Chinese investors sharply reduced their gold ETF holdings in June, pulling $2.22 billion — the highest monthly outflow ever recorded. The move exacerbates global outflows from gold ETFs for the month.
The sell-off aligns with a continued improvement in local investor risk appetite, supported by rising equity markets and a weaker gold price. The data underscores a shift in sentiment as Chinese investors rotate into riskier assets.
Source: FXStreet Forex News