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Gold rush in Europe: Interest in investment funds rises again

11 August 2026 10:04 (UTC +04:00)

Global investors resumed investing in physically backed gold exchange-traded funds (ETFs) in July, APA-Economics reports, citing a report by the World Gold Council.

Global gold ETFs recorded net inflows of $3 billion in July. This offset the net outflows recorded over the previous two months.

Inflows were recorded across all regions. The largest increase came from funds listed in Europe. European funds attracted $2 billion in July, the region’s second-highest monthly inflow this year. UK funds recorded inflows of $875 million, while Swiss funds attracted $657 million.

“Amid fund inflows and rising gold prices, global gold ETFs’ assets under management (AUM, the total value of assets managed by the funds) increased by 1% in July to $530 billion,” the report said.

During the same period, namely in July alone, the total gold holdings of global physically backed gold ETFs increased by 23 tonnes to 4,068 tonnes. However, this figure at the end of July remained below the record level of 4,176 tonnes recorded on February 27, 2026.

The report states that total inflows into global gold ETFs amounted to $11 billion from the beginning of 2026 through the end of July. During this period, the total gold holdings of global gold ETFs increased by 39 tonnes.