July was worst month for gold ETFs since March 2021

July was worst month for gold ETFs since March 2021

From kitco.com

July was the worst month for outflows in global gold-backed exchange-traded funds since March of 2021, as 81 tonnes of the precious metal left the market, according to the latest report from the World Gold Council. “Significant outflows from global gold ETFs and a decline in gold futures positioning, which reached net short for only the fifth time since 2006, weighed on gold’s performance throughout July. Gold also faced headwinds in the form of a stronger US dollar, weaker Brent crude prices following softer growth data and lower implied volatility,” said Adam Perlaky, senior analyst at the WGC, in the report. ... (full story)

- Older Stories
Asian Markets Mostly Higher Amid Cautious Trades
From rttnews.com|Aug 5, 2022
Asian stock markets are trading mostly higher on Friday, following the mixed cues from Wall Street overnight, as traders mostly make their moves, tracking quarterly earnings ...
First Majestic Reports Second Quarter Financial Results and Quarterly Dividend Payment
From firstmajestic.com|Aug 4, 2022
First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the unaudited interim consolidated financial results of the ...
Spotlight on the UAE
From cdn.lbma.org.uk|Aug 4, 2022
The United Arab Emirates (UAE) is a major international gold trading hub largely thanks to Dubai, one of the country’s seven Emirates. This has been the focal point for much of ...

- Newer Stories
Soft Landing Squeeze
From stuckinthemiddle.substack.com|Aug 5, 2022
In mid-June (here), Mr. Blonde identified equity markets as oversold, showing signs of capitulation and ripe for relief. The buy/cover timing was great, but walking away from ...
Production in June 2022: +0.4% on the previous month
From destatis.de|Aug 5, 2022
In June 2022, production in industry was up by 0.4% on the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal ...
In June 2022, manufacturing output went up by 1.2%
From insee.fr|Aug 5, 2022
In June 2022, output increased in the manufacturing industry (+1.2% after +1.0%), as well as in the whole industry (+1.4% after +0.2%). In June 2022, output expanded in the ...