Gold has regained momentum amid renewed ETF inflows and increased central bank purchases, pushing the metal towards record highs and strengthening its status as a safe-haven asset amidst ongoing market uncertainties.
Gold has regained momentum in recent days as exchange-traded fund buyers returned to the market, giving the metal fresh support after a quieter spell. Bloomberg reported that total bullion holdings in gold ETFs rose by 24 tonnes from July 20, the fastest pace since early April, and said the rebound gathered pace only after fund inflows resumed.
That resurgence fits a broader pattern of investor demand this year. The World Gold Council said global gold-backed ETFs posted strong inflows in February, lifting total assets and holdings to record highs, with buyers in North America and Asia leading the charge. The council also said trading volumes in gold reached a record $623 billion a day that month, underscoring the metal’s appeal as a haven during periods of uncertainty.
Central banks have added another layer of support. Recent market commentary has pointed to heavy official-sector purchases in 2025 and 2026, helping tighten physical supplies even as ETF flows have swung from outflows to renewed buying. Some analysts have argued that this combination of reserve accumulation and investment demand has kept the market firm despite shifting expectations for interest rates and the US dollar.
The result is a market where sentiment can turn quickly, but the underlying bid for gold remains substantial. Data compiled by the World Gold Council shows that physically backed gold ETFs added $3.2 billion in July, lifting global holdings and total assets, while other market estimates cited in recent reports suggest prices have stayed elevated because both institutional and official buyers continue to treat gold as a strategic asset.
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