Gold ETF holdings hit record high after eight-day buying streak
Global gold-backed ETFs extended their buying streak to eight consecutive days in August, with $18 billion in inflows pushing total holdings to a new all-time high.
Gold Market
Global gold-backed ETFs extended their buying streak to eight consecutive days in August, with $18 billion in inflows pushing total holdings to a new all-time high.
Gold rose to a three-month high of $4,681 on Monday after US Treasury sanctions on Iran-linked entities. ETF inflows jumped. Focus turns to Fed Chair Warsh's speech at Jackson Hole.
Tata Mutual Fund has removed limits on large investments in its Gold ETF and Gold ETF Fund of Funds after market conditions normalised, joining HDFC and Invesco in easing curbs imposed earlier this year.
A gold ETF holds allocated bullion or derivatives, offering indirect exposure, while physical gold means direct ownership with storage and liquidity trade-offs.