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World Gold Council: Global gold ETFs saw net inflows of $8 billion in the first half of the year
Svmuu News: A report from the World Gold Council shows that listed funds across all regions of the world continued to see outflows in June (-$8.9 billion), but thanks to strong performance in Asian markets, global gold ETFs as a whole 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 stood at $526 billion, down 6% in the first half of the year, primarily due to lower gold prices; total holdings increased by 18 metric tons in the first half of the year, reaching 4,047 metric tons. Trading volume in the gold market declined somewhat in June, but the average daily trading value for the first half of the year still reached a record high of $488 billion. (Jin Shi)
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