Gold ETF inflows top 100 tonnes in August as havens triumph
Tuesday, September 3, 2019 - 10:41:10 AM
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Holdings rose 101.9 tons, bringing total known assets to 2,453.4 tons as of Friday, according to data compiled by Bloomberg. It was the third straight monthly increase after the addition of a combined 154.1 tons in June and July.

Bullion’s been on a tear, gaining 19% this year, as the global outlook worsened on the stand-off between the U.S. and China. Central bank-buying has provided another layer of support, and Goldman Sachs Group Inc. says prices are likely to advance further as official purchases continue and demand for ETFs rises.

Spot gold traded at $1,522.68 an ounce on Monday, according to Bloomberg generic pricing. The metal hit $1,555.07 on Aug. 26, the highest since 2013.


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