Topic
etf
Finance Gold ETF Inflows Stay Net Positive for Third Week as Prices Rally
Physically backed gold ETFs attracted net inflows of $3.04 billion in the week ended August 7, a third straight weekly gain, according to World Gold Council data cited by The Hindu Business Line. Gold prices rose over 6% on soft July payrolls, which cut Fed September rate-hike odds to 44%. Year-to-date net flows stand at $13.69 billion.
Finance Mutual Funds Limit Gold ETF Investments Amid Policy Shift
Major mutual fund houses in India, including HDFC MF, ICICI Prudential MF, and Nippon India MF, are restricting large inflows into gold ETFs and FoFs. This move aligns with the government's increased import duty on gold to 15% and aims to discourage gold purchases.
Finance India Gold ETFs Experience First Outflow in a Year Amid Profit Booking
India's gold ETFs recorded a net outflow of $61 million in May, marking the first monthly outflow in a year. This follows a surge in domestic gold prices due to increased import duties.
Commodities Gold Prices Dip as ETF Outflows Surge Amid Global Tensions
Gold prices have dropped to $4,560 an ounce on the NYMEX, marking a 3% monthly decline. ETF outflows, led by US and Chinese investors, have surged amid geopolitical tensions.