World Gold Council: North American gold ETFs recorded $5.5bn of outflows in
June, leaving H1 net outflows of $7.7bn — the weakest H1 since 2013. European
ETFs saw $818m of outflows in June, cutting H1 net inflows to $3.2bn. Asia
posted a record single-month outflow of $2.3bn in June but still led H1 inflows
with $12.0bn. The June price pullback was the main driver of reduced ETF
allocations. The Council says regional gold ETF flows are likely to stabilize in
H2. Its 2026 Mid-year Gold Outlook baseline scenario projects gold to be
relatively stable in H2, while alternate scenarios could produce more
significant catalysts. Ongoing geopolitical, growth and financial-market
uncertainty may continue to support demand for portfolio protection and sustain
interest in gold ETFs as strategic hedges.