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Gold-backed ETF holdings surged in June

Holdings in global gold-backed ETFs rose sharply in June by 127 tonnes to 2,548t – equivalent to US$5.5 billion in inflows – on heightened geopolitical uncertainty and more accommodating monetary policy signals by central banks, the World Gold Council (WGC) says.

Gold-backed ETF holdings surged in June Gold-backed ETF holdings surged in June Gold-backed ETF holdings surged in June Gold-backed ETF holdings surged in June Gold-backed ETF holdings surged in June

Juan Carlos Artigas says holdings in global gold-backed ETFs rose sharply in June

This drove interest rates and the US dollar lower and shifted gold-price momentum, director of investment research Juan Carlos Artigas told Mining Journal.