WGC – Gold ETF Commentary, Jul 2025

In July, global gold ETFs saw further inflows totaling US$3.

2 billion, primarily from North America and Europe. Total assets under management (AUM) of global gold ETFs increased by 1% to US$386 billion, marking a new monthly high. Collective holdings rose by 23 tonnes to 3,639 tonnes, remaining at their highest level since August 2022. Trading volumes in the global gold market increased by 2% month-on-month to US$297 billion in July.