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Papua New Guinea

Golden levels last seen in 2013

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%).

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