WORLD GOLD ASSOCIATION: TOTAL NET GLOBAL GOLD EF INFLOWS OF $8 BILLION IN THE FIRST HALF OF THE YEAR

ON 8 JULY, THE WORLD GOLD ASSOCIATION REPORTED THAT IN JUNE THERE HAD BEEN A SUSTAINED OUTFLOW (- $8.9 BILLION) OF FUNDS FROM VARIOUS REGIONS OF THE WORLD, BUT THAT, THANKS TO THE STRONG PERFORMANCE OF ASIAN MARKETS, GLOBAL GOLD ETF AS A WHOLE HAD RECORDED NET INFLOWS OF $8 BILLION IN THE FIRST HALF OF THE YEAR. BY THE END OF JUNE, GLOBAL GOLD ETF ASSET MANAGEMENT HAD REACHED $52.6 BILLION, A DECLINE OF 6 PER CENT IN THE FIRST HALF OF THE YEAR, MAINLY AS A RESULT OF LOW GOLD PRICES; THE TOTAL HOLD STOCK HAD INCREASED BY 18 TONS TO 4047 TONS IN THE FIRST HALF OF THE YEAR. GOLD MARKET TRANSACTIONS FELL IN JUNE, BUT THE AVERAGE DAILY TURNOVER IN THE FIRST HALF OF THE YEAR WAS STILL AT A RECORD HIGH OF $48.8 BILLION。