Global Gold ETF Flows Turn Positive in July After Two-Month Outflow Streak
Gold-backed ETFs saw net inflows globally in July, reversing two months of outflows, with every region reporting positive demand as investors bought the dip.
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Gold exchange-traded funds recorded positive net flows worldwide in July, breaking a two-month streak of outflows. All regions contributed to the inflow, according to the data.
The turnaround came as gold prices dipped, attracting buyers seeking value. The broad-based nature of the inflows suggests renewed investor interest in the metal as a safe haven or diversification tool.
While specific figures were not provided, the shift marks a notable change in sentiment after sustained outflows during May and June.
Source: FXStreet Forex News