, 7 tweets, 4 min read Read on Twitter
#gold under some moderate pressure on Thursday during European morning trading, last around $1537/oz
Firmer US equity futures (EUS9 up 24 points at the time of writing) and less negative real US yields appear to be driving #gold today, perhaps related to the story indicating that China won’t retaliate to new US Tariffs (for now).
Despite occasional set-backs, its been a decent month for #gold so far, supported by steady speculative longs on Comex; strong T+D volumes on the Shanghai Gold Exchange, and decent inflows into global gold-backed ETFs.
On the subject of #gold ETFs, a further 9 tonnes of inflows was seen yesterday (based on our proprietary database), all from US-listed funds as Europe saw a small & rare outflow.
Barring a large reversal in the last couple of days of the month, August will cap three months of decent inflows into #gold held be ETFs, as this chart shows.
If you are interested in data and research on gold head to #goldhub and our #blog feature carries commentary from the research team and other contributors.

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