Global gold ETFs surged with inflows reaching 38 billion USD in the first half of the year.
Total assets under management increased by 41% to 383 billion USD, with a focus on North America, Asia, and Europe, where the average gold trading volume reached a record 329 billion USD per day.
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Global gold ETFs increased by 38 billion USD, reaching 383 billion USD in assets under management.
North America leads capital flows with 21 billion USD, followed by Asia and Europe.
The gold trading volume in the first half of the year reached a record high of 329 billion USD per day.
How has the global gold ETF grown in the first half of 2024?
Reports from the World Gold Council indicate that global gold ETFs recorded an increase of 38 billion USD in the first half of 2024, mainly due to outstanding performance in June with 7.6 billion USD. Total assets under management for these funds increased by 41%, reaching 383 billion USD, confirming gold's appeal as a stable investment asset.
The increase in assets under management and the volume of gold held (up 397 tons to 3,616 tons) reflects a strong upward trend in gold investment demand through ETFs amid market volatility.
Which region attracts the largest capital flows for gold ETFs this year?
According to regional data from the World Gold Council, North America is the leading region with 21 billion USD invested in gold ETFs, accounting for the highest proportion compared to other regions. Asia follows with 11 billion USD, and Europe receives 6 billion USD in capital.
This is evidence of diverse international capital allocation, highlighting the importance of gold as an asset protection channel in major markets.
"The demand for investment in gold through ETFs remains very high in the context of economic instability, demonstrating the important role of gold as a safe-haven asset."
Marco Kolanovic, Chief Investment Strategist, J.P. Morgan, July 2024
What was the gold trading volume in the first half of 2024?
The average daily gold trading volume in the first six months of the year reached 329 billion USD, a record high for the first half of the year. This indicates that the gold market has strong liquidity and active trading despite being influenced by many macroeconomic factors.
This statistic reinforces the role of gold in global investment portfolios and the increasing interest from both institutional and individual investors.
"Gold liquidity and ETFs are expected to increase sharply due to the rising demand for risk hedging in the context of a volatile global market."
Sarah Wilson, Market Analyst, World Gold Council, July 2024
What are the differences in gold ETF capital flows across regions?
The capital flows into gold ETFs have distinct characteristics in each region. North America not only has the largest capital (21 billion USD) but also possesses a developed financial infrastructure that strongly supports the ETF market. Asia with 11 billion USD shows strong growth potential for gold investment, especially from large individual and institutional investors in China and India.
Europe, although lower (6 billion USD), still maintains stable capital flows, reflecting a strategy of diversifying traditional assets in this region.
Comparison table of gold ETF capital flows by region (first half of 2024)
Investment Capital Flow (billion USD) Market Share (estimated %) North America 21 55 Asia 11 29 Europe 6 16
Frequently Asked Questions
1. What is a gold ETF and why is it popular? A gold ETF is a public investment product that allows easy access to physical gold, transparency, and low costs. 2. Why does North America attract the largest gold ETF capital flows? North America has a developed financial market, modern trading infrastructure, and high confidence in gold as a risk protection asset. 3. How does gold trading volume affect the market? Large trading volumes enhance liquidity, helping gold prices accurately reflect supply and demand and support effective investment. 4. What trend does the increase in gold investment capital suggest for next year? The trend of increasing investment in gold ETFs is likely to continue due to prolonged economic and geopolitical instability, according to the World Gold Council. 5. What is notable about gold demand in Asia? Asia shows strong growth due to demand from individual and institutional investors in China and India – the largest gold-consuming markets in the world.
Source: https://tintucbitcoin.com/gold-etf-toan-cau-tang-ky-luc/
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