Gold ETFs Just Had Their Second-Biggest Month Ever With $18 Billion Inflow
Global gold exchange-traded funds (ETFs) pulled in $18 billion in August, the second-largest monthly inflow on record, lifting collective holdings to an all-time high of 4,189 tonnes. The World Gold Council published the figures this week. Total assets under management (AUM) rose 16% month over month to $615 billion, helped by a higher gold price. The post Gold ETFs Just Had Their Second-Biggest Month Ever With $18 Billion Inflow appeared first on BeInCrypto.
Key Takeaways
- Global gold exchange-traded funds (ETFs) pulled in $18 billion in August, the second-largest monthly inflow on record, lifting collective holdings to an all-time high of 4,189 tonnes.
- The World Gold Council published the figures this week.
- Total assets under management (AUM) rose 16% month over month to $615 billion, helped by a higher gold price.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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