GLDI - Gold-Backed ETF Gold Holdings Chart Biggest Increase In 7 Years

Holdings in global gold-backed ETFs surged in June, charting their largest increase in seven years, driven by increased geopolitical uncertainty, fear of an economic slowdown and widespread anticipation of looser central bank monetary policy.

Globally, gold holdings in ETFs rose sharply by 127 tons last month, according to the latest data from the World Gold Council.

Inflows into ETFs globally totaled about $5.5 billion last month.

Global assets under management in gold-backed ETFs rose 15% to $115 billion. That's the largest monthly increase since 2012.

The dollar increase was partly due to the flow

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