Gold-backed ETFs see $18 billion inflow in August, China lifts reserves to 2,387 tonnes

🚨 Physically backed gold ETFs gained $18 billion in August, reaching a new high.
📈 North American and European funds drove most of the inflows as gold’s price jumped 13%.
🏦 The People’s Bank of China extended its gold buying streak to 22 months, now holding 2,387 tonnes.
💡 Demand in $GLD is shifting toward institutional investors and central banks, not jewellery buyers.

Continue Reading:Gold-backed ETFs see $18 billion inflow in August, China lifts reserves to 2,387 tonnes

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