世界黄金协会：7月全球实物黄金ETF流入32亿美元 延续流入态势

Group 1 - In July, global physical gold ETF inflows reached $3.2 billion, continuing the inflow trend [1] - The total assets under management (AUM) increased to $386 billion, setting a new record for the end of the month [1] - Total holdings grew by 23 tons to 3,639 tons, maintaining the highest end-of-month level since August 2022 [1][5] Group 2 - North America and Europe emerged as dominant forces in ETF inflows [6] - In July, North America saw inflows of approximately $1.2 billion, contributing to a year-to-date total inflow of $21.2 billion [10] - Despite positive demand in North America, the month-on-month growth rate has slowed, attributed to delayed expectations for Federal Reserve rate cuts and a short-term rebound in the dollar [10] Group 3 - Europe recorded inflows for three consecutive months, with the UK market leading in fund inflows, while Germany experienced the largest outflows [11] - In Asia, there was a slight inflow of approximately $1.5 million, primarily from the Japanese market, while China saw outflows due to improved risk appetite among local investors [11]