Weekly ETFs: Eight of 11 sectors record outflows; the financial sector leads inflows

Positive outflows into gold ETFs continue for eighth week straight, as investments remain net positive, according to data from the World Gold Council. Inflows were $1.55 billion last week, while $4.02 billion were invested in the week ending September 4, and $3.99 billion in the week ending August 28. Meanwhile, outflows totaled $681.8 million last week, $1.10 billion in the week ending September 4, and $1.51 billion in the last week of August.

The precious metal's price has been volatile, jumping from around $4,000 an ounce in early August to over $4,700 near month's end, before falling to $4,200. Gold currently stands at around $4,300. Analysts predict gold may stay volatile due to factors like a strong dollar, crude prices, and expectations around US interest rates, but the broader outlook remains supportive due to geopolitical uncertainty, central-bank demand, and gold's safe-haven appeal.