Gold ETFs See $3B July Inflows as European Demand Surges

Gold | 2026-08-10 11:12:36 | By Paul Ploumis

The recovery was led by European funds, which attracted about $2 billion. The UK and Switzerland accounted for much of the regional buying, with inflows of $875 million and $657 million, respectively. Investors reportedly used lower July gold prices to rebuild their positions.

Summary

Gold ETF inflows returned: Global gold ETFs recorded $3 billion in net inflows in July, ending two consecutive months of withdrawals.
Holdings increased: Global gold ETF assets under management rose 1% to approximately $530 billion, while holdings climbed by 23 tonnes to 4,068 tonnes.
Europe led the recovery: European funds attracted about $2 billion, followed by Asian-listed ETFs with $616 million, while North American funds received $71 million.

SEATTLE (Scrap Monster): Global investors returned to gold exchange-traded funds (ETFs) in July, according to a report published by the World Gold Council (WGC). The market recorded $3 billion in net inflows in July after witnessing two consecutive months of withdrawals.

Global gold ETFs increased their assets under management by 1% during the month to approximately $530 billion. Combined gold holdings also climbed by 23 tonnes to 4,068 tonnes in July this year. However, trading activity across the global gold market remained weak during the month.

China Gold Market Ends H1 2026 Lower Despite Strong ETF Inflows

The investment in Asian-listed gold ETFs totalled $616 million. China was a major contributor, as weaker equity-market performance and lower domestic yields supported gold demand in the country. Indian gold ETFs also registered modest inflows of around $157 million. Meanwhile, North American funds posted a smaller recovery, receiving about $71 million, WGC noted.

According to the gold trade body, ETF trading volumes declined sharply in July, suggesting lower market activity despite renewed investor interest.