Positive inflows into gold ETFs continue for 9th week in a row
US investors lead the surge contributed over 50 per cent of investments last week, while Chinese and UK interests remain strong
Positive inflows into gold ETFs have continued for the ninth week in a row, with US investors accounting for more than half of the inflows, according to data from the World Gold Council. In the week ending September 18, US investors contributed $2.21 billion, resulting in inflows of $4.24 billion, while exits totaled $248 million.
Gold prices remain sensitive to the US dollar and bond yields, with investment demand looking healthier. Digital gold purchases in India are also running near ₹25 billion a month. Inflows from other countries include the UK, China, France, and Germany, while India saw a 67% increase in ETF investments in August. As of September 18, total investments in gold ETFs reached $122.21 billion, with net positive inflows of $37.1 billion.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
