--- title: "China gold ETFs see record US$2.91 billion outflow in June as risk appetite returns" type: "News" locale: "en" url: "https://longbridge.com/en/news/292066851.md" description: "Chinese investors withdrew a record US$2.91 billion from domestic gold ETFs in June, driven by improved risk appetite amid a stock market surge and strong yuan. This outflow contributed to Asia's worst single-month outflow of US$2.3 billion. Despite this, Asian gold ETFs recorded a net inflow of US$12 billion in the first half of the year, the strongest on record globally." datetime: "2026-07-08T12:18:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292066851.md) - [en](https://longbridge.com/en/news/292066851.md) - [zh-HK](https://longbridge.com/zh-HK/news/292066851.md) generator: "portal-rs" --- # China gold ETFs see record US$2.91 billion outflow in June as risk appetite returns Chinese investors pulled a record US$2.91 billion out of domestic gold exchange-traded funds (ETFs) in June, taking profits as a stock-market surge and a strong yuan dimmed the appeal of the safe-haven metal, according to the World Gold Council (WGC). Mainland Chinese funds were the biggest drag on Asia’s gold ETFs in June, “as local investor risk appetite continued to improve”, prompting them to turn to higher risk, higher return assets, according to the findings of the council’s report unveiled on Wednesday. This subsequently compounded the weakness in gold price in renminbi terms. This came after the country led global gold ETF inflows in the first four months of the year. Huaan Yifu Gold ETF lost about US$1.14 billion in the month, while Guotai Gold ETF lost US$352.1 million and the E Fund Gold Tradable Open-end Securities Investment Fund saw US$334.2 million in outflows, its data showed. The selling pushed Asia’s outflows to US$2.3 billion in June, the worst single month on record for the region. Even so, Asian gold ETFs channelled a net US$12 billion into the metal in the first half of the year, the strongest first half on record for the region, and the biggest contributor to global inflows. Global gold ETF flows remained positive at US$8 billion in the first half, the report said. Elsewhere, North American funds recorded first-half outflows of US$7.67 billion, the weakest opening six months since 2013. In the US, higher yields and rising rate expectations amid sticky inflation prompted investors to reduce their gold ETF holdings, said Ray Jia, research head of Asia-Pacific ex‑India at the council, in an interview on July 1. Global gold market trading volumes averaged a record US$488 billion per day during the first half of the year, the highest semi-annual average in the WGC’s data record. Global gold ETFs’ assets under management fell 6 per cent over the period, “reflecting the lower gold price despite positive inflows”, it said. “Asia’s demand for gold remains strong throughout this year”, said Nicky Shiels, head of research and metals strategy at Switzerland’s MKS PAMP, one of the world’s largest refiners and traders of precious metals, in a recent interview. “The region now drives about 70 per cent of consumer gold demand, yet London and New York still own price discovery. Hong Kong’s new clearing infrastructure aims to shift that pricing power eastward.” The Shanghai Gold Exchange, China’s main gold bourse and the anchor of the world’s largest consumer market, was now feeding liquidity directly into Hong Kong’s new hub, she added. Hong Kong kicked off the trial operation of a gold clearing and settlement system on Tuesday in a bid to build itself as a global gold trading hub. “We have retained our average forecast of US$4,500 per ounce for gold this year,” Shiels said. Gold spot prices are around US$4,130 per ounce, down about 5 per cent from the year’s opening price. ### Related Stocks - [518880.CN](https://longbridge.com/en/quote/518880.CN.md) - [518800.CN](https://longbridge.com/en/quote/518800.CN.md) - [159937.CN](https://longbridge.com/en/quote/159937.CN.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [159934.CN](https://longbridge.com/en/quote/159934.CN.md) ## Related News & Research - [Why is your gold waiting on a speech?](https://longbridge.com/en/news/296733808.md) - [Thailand not planning any tax on gold soon, trader says](https://longbridge.com/en/news/297143800.md) - [Quadravest Preferred Split Share ETF declares CAD 0.0583 dividend](https://longbridge.com/en/news/296378937.md) - [Patagonia Gold resumes Calcatreu work after Rio Negro lifts temporary suspension](https://longbridge.com/en/news/297172800.md) - [Fidelity Global Core Plus Bond ETF declares $0.0766 dividend](https://longbridge.com/en/news/296579876.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**