World Gold Council: Global Gold ETFs Turned Net Outflows in May

According to the World Gold Council, in May, due to the fluctuation in the gold price range, the market's preference for risk assets has been renewed, and most global investors are adopting a wait-and-see attitude, suppressing the demand for gold ETFs. Following a significant rebound in demand for gold ETFs in April, global physical gold ETFs saw a mild outflow of approximately $2 billion, with Europe being the only region to achieve net inflows. However, since the beginning of the year, global gold ETFs have still maintained a net inflow trend, accumulating nearly $17 billion.