SMM: data from the World Gold Council show that gold-backed ETF and similar products recorded the ninth consecutive month of capital inflows in August, but the lowest level since 2020. Gold ETF rose by 39 tons this month, equivalent to $2.1 billion, or 0.9% of assets under management, as gold prices hit a record high of $2067 in early August. Net global inflows of 938t ($51.2 billion) so far this year have pushed gold ETF holdings up 38 per cent to an all-time high of 3824 tonnes, while assets under management have risen 70 per cent to $241 billion.
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