Global gold ETF inflows totaled $529 million in May, marking the first monthly net inflow in nearly 12 months._News_inbFund.com - A one-stop service platform for overseas private equity fund inbfound.com

Global gold ETF inflows totaled $529 million in May, marking the first monthly net inflow in nearly 12 months.

2024-06-20 06:53

Zhitongcaijing

In May, global gold ETF inflows were $529 million, marking the first monthly net inflow in nearly 12 months.

Data released by the World Gold Council on June 19th showed that in May, global gold ETF inflows reached $529 million, marking the first monthly net inflow in nearly 12 months. By the end of May, the total holdings of global gold ETFs reached 3,088 tons. Due to the double push of fund inflows and strong gold prices, the total assets under management of global gold ETFs increased by 2% compared to April, reaching $234 billion.

World Gold Council: In May, the inflow of gold ETFs in the Chinese market was about 1.8 billion yuan, achieving positive demand for six consecutive months.

Xu Zhiyan: Gold is in a medium to long-term trend of 3-5 years. When the price of gold falls, "withdraw one and enter two".

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