Gold demand broadens as ETF buying returns and Middle East inflation fears ease

Bloomberg+2 · 5 hours ago
Gold demand broadens as ETF buying returns and Middle East inflation fears ease
  • SPDR Gold Trust acquired 35.3 tons of gold in August, its strongest monthly buying total since February 2025, signaling a renewed return of ETF investment capital.
  • Gold traded around $4,385 an ounce after rebounding 1% the previous day; oil’s rally slowed after Donald Trump said the latest attacks on Iran would likely be short-lived.
  • AngloGold Ashanti shares fell 4.9% in premarket trading to $106 as gold prices declined.