Investments in gold ETFs continue to be net positive for 2nd week in a row

Investments in physically backed gold exchange-traded funds (ETFs) continued to be positive for the second week in a row last week. However, there was a $7 outflow for every inflow of $10, data from the World Gold Council (WGC) showed. In the week ended July 31, inflows, led by Asia and Europe, into gold ETFs were $1.3 billion, while outflows, led by the US, were $0.90 billion. Year-to-date, China and India are the main reasons for net investments in the ETFs staying positive, while investors in the US have chosen to book profits. Inflows till July 31 this year were…