Global Gold ETFs Hold Firm in H1 as Asian Inflows Offset North American Sell-Off

Tue July 14 2026

Despite unprecedented volatility in the global gold market during the first half of 2026, investor confidence in gold as a long-term store of value remained solid. According to the latest Gold ETF Flows Report released by the World Gold Council (WGC), global gold ETFs saw total outflows of US$8.9 billion in June, yet still recorded net inflows of US$8.0 billion over the entire first half, with total holdings increasing by 18 tonnes from the start of the year to 4,047 tonnes.

The gold price trajectory in the first half was nothing short of dramatic. Driven by surging safe-haven demand, the price climbed to an all-time high of US$5,589.38 per ounce on January 28. However, as the full-scale conflict between the United States, Israel, and Iran erupted and evolved into a sustained blockade of the Strait of Hormuz, gold prices retreated to around US$4,000 by the end of June—a key support level that held into the third quarter. Due to the price correction, total assets under management in global gold ETFs fell 6% from the start of the year to US$526 billion.

Source: https://nai500.com