Gold market sees positive ETF inflows in July, ending two months of outflows

Gold regained investor interest in July as global gold ETFs recorded net inflows of 23.5 tonnes worth $2.965 billion, ending two consecutive months of outflows. The World Gold Council said buying was broad-based but led by Europe, while Asia remained the largest contributor year-to-date. The rebound was helped by gold prices near $4,000/oz, which attracted tactical buyers after June redemptions and months of price weakness. North America remained the only region in net outflow territory, though it saw a small tentative recovery. The data suggests improving sentiment toward gold as a portfolio diversifier, supported by safe-haven demand in China and stabilizing prices.