Record gold buying

In June, gold-backed ETFs recorded their seventh consecutive month of positive flows, adding 104 tons – equivalent to US $5.6 billion or 2.7% of assets under management.

This brought 1^st half global net inflows to 734 tons, significantly above the highest level of annual inflows, both in tonnage terms (646 tons in 2009) and US-dollar value (US $23 billion in 2016).

To put this strength of demand into context, 1^st half inflows are also significantly higher than the multi-decade record level of central bank net purchases seen in 2018 and 2019 and could absorb about 45% of global gold production for the 1^st half of 2020.

See our Gold Specials Page for some really good values.