The main theme of the report is the analysis of flows and the state of global gold ETFs for August 2025.
Key findings include: Global physically backed gold ETFs attracted US$5.5 billion in August, extending their three-month inflow streak. North American and European funds led global inflows, while Asia and other regions experienced minor outflows. Total assets under management (AUM) of global gold ETFs rose by 5% to US$407 billion, setting a new record at the end of the month. Gold market trading volumes remained broadly unchanged, averaging US$290 billion per day.