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Gold ETFs saw $9B outflows in June amid rising rates and geopolitical tensions, but H1 ended with $8B net inflows.

Market News
08 Jul 2026
Kitco
View Source
Bearish
pluang ai news

In June, gold-backed ETFs experienced significant outflows of 74.3 tonnes, worth nearly $9 billion, driven by rising interest rates and geopolitical tensions such as the US-Iran conflict. Despite this, the first half of 2024 ended positively with net inflows of 17.6 tonnes valued at $8 billion. North American ETFs led the outflows, while Asian funds had their strongest H1 ever, with India showing inflows. Analysts expect the gold market to stabilize and inflows to increase in the second half of the year amid ongoing economic and geopolitical uncertainties, supporting gold's role as a safe-haven asset.

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