GOLD INVESTMENT through physically backed exchange-traded funds strengthened during the first half of 2025, with global inflows reaching approximately US$38 billion.
The World Gold Council’s update released yesterday described the result as the strongest half-year performance since the opening half of 2020.
Collective gold holdings increased by approximately 397 tonnes to 3,616 tonnes, their highest month-end level since August 2022.
Higher gold prices and new investment lifted total assets under management by 41% to approximately US$383 billion, a month-end record.
North America accounted for the largest share of first-half inflows. Asian funds also attracted record first-half investment, while European flows turned positive after successive half-year outflows since the second half of 2022.
Australian gold ETFs reached month-end records for both holdings and assets under management during June.
The distinction between those measures matters: holdings track the quantity of gold, while assets under management also change with the metal’s price.
The figures demonstrate renewed demand through investment funds, although they do not establish that inflows or price gains will continue at the same pace.
Disclaimer
This publication is for educational purposes only and does not constitute financial advice. It does not take into account any person’s investment objectives, financial situation or needs. Before making an investment decision, consider whether the information is appropriate to your circumstances and seek advice from a licensed financial adviser where necessary. Past performance is not a reliable indicator of future performance.