Gold ETF inflows stay positive for a third straight week, with $3.04 billion net added in the week ended August 7
AI Market Summary
World Gold Council data show a third consecutive week of net inflows into physically backed gold ETFs ($3.04B), lifting YTD net inflows to $13.69B. Demand was led by the US, China and the UK, while US flows were mixed with notable redemptions. A >6% weekly rise in gold alongside softer US payrolls and reduced near-term Fed hike odds reinforces bullion's bid amid macro and geopolitical uncertainty.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+1.48%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Global gold ETFs posted net inflows of $3.04 billion in the week ended August 7, marking a third consecutive week of net additions, according to World Gold Council data. The US, China and the UK led gross inflows totaling $4.38 billion, while the US also accounted for the largest outflows of $1.33 billion. Net ETF investment stands at $13.69 billion year-to-date, while China and India have continued to contribute positive flows totaling about $11 billion. Gold rose more than 6% over the week, and analysts cited $3,950–4,000 as a support zone.
