Gold ETFs Lose $8.9 Billion in June as Global Outflows Accelerate
Investors pulled $8.9 billion from gold exchange-traded funds (ETFs) in June, with North American merchandise accounting for $5.5 billion of the withdrawals as bullion’s worth slide deepened.
The month-to-month retreat got here as gold recorded its fourth straight dropping month. The metallic fell 11.7% as a hawkish Federal Reserve and Middle East tensions steered buyers away from the metallic.
Gold ETF Outflows Accelerated in June
According to the World Gold Council report, whole belongings beneath administration fell 13% to $526 billion in the month. In addition, holdings dropped 74 tonnes to 4,047 tonnes. The promoting adopted a pointy worth pullback that reset investor allocations.
During the month, New Fed Chair Kevin Warsh signaled a hawkish stance, and the US-Iran battle lifted inflation fears. Together, they raised expectations of upper charges forward. Rising actual yields and a stronger greenback elevated the chance value of holding non-yielding gold.
North American funds recorded $7.7 billion in outflows throughout the primary half, the area’s weakest begin to a 12 months since 2013. European funds misplaced $818 million in June after the European Central Bank hiked rates 25 basis points, its first enhance since September 2023.
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Markets outdoors the massive three areas additionally turned damaging. Combined outflows totaled $262 million in June, bringing their 2026 web shopping for to $106 million. Australia accounted for many of that drop at $197 million, and South Africa gave up $36 million.
“Looking forward, regional gold ETF flows may stabilise…Meanwhile, uncertainties surrounding geopolitics, financial progress and monetary markets linger. This backdrop might proceed to assist investor demand for portfolio safety and maintain curiosity in gold ETFs as a strategic safe-haven allocation,” the report learn.
A Positive First Half Despite the June Drop
Nonetheless, world flows had been nonetheless constructive at $8 billion over the primary half of 2026. Asia led with $12 billion in additions, its strongest first half on document. That got here regardless of a $2.3 billion June outflow, the area’s worst month ever, pushed primarily by Chinese funds.
India bucked the trend, drawing inflows as native buyers handled the worth dip as an entry level. Collective world holdings rose 18 tonnes throughout the half, although belongings beneath administration fell 6% on the cheaper price.
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