The World Gold Council reports that last month's flows continued the positive trend that had started in mid-May as uncertainty rose - whether from economic concerns, trade tensions or geopolitical risks - and global monetary policy started to shift to a more accommodative stance.
Regional fund flows were:
• North American-listed funds drove most of the global inflows in July.
• North American funds had inflows of 43t ($2.0 billion, 3.4% assets under management)
• Holdings in European funds rose by 7.5t ($483 million, 0.9%).
• Funds listed in Asia increased by 0.8t ($37 million, 1.1%).
• Other regions had inflows of 0.9t ($41 million, 2.8%).