A Rush of 201 Tons Into Gold Funds: One of the Strongest Three Months in History - Dünya Newspaper
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Despite the pressure from the possibility of a Fed interest rate hike and US employment data, investors flocked to gold. In August, there was a net inflow of 201 tons into physical gold-backed funds. This figure represents the third largest monthly inflow into gold history since the crisis and pandemic periods.
Economy - Global gold demand reached its third highest level in history in August, with a net inflow of 201 tons. Investors are taking positions with expectations of a medium-term rise, while attention is focused on inflation data from the US.
Strong US employment data increased the likelihood of a Fed interest rate hike, while gold rebounded. Notable events in August included a 201-ton inflow into funds, near-record positions in futures markets, and a shift in options markets.
(Dan Tri Newspaper) - Profit-taking pressure from the US jobs report did not prevent foreign capital from flowing into precious metals, as evidenced by the active buying activity of the world's largest gold ETF.
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