Gold ETF sees net capital outflow of over 10 billions in the past month

Golden Ten Data reported on June 4th that recently, gold prices have continued to fluctuate. Due to market uncertainty, the overall scale of gold ETFs has shrunk, with some products seeing significant net capital outflows. As of June 3, over the past month, 14 gold ETFs have seen net capital outflows exceeding 10 billion yuan. The previously popular view among investors of “buying on dips as gold prices pull back” has begun to show divergences amid the volatile market. Does gold still hold allocation value at present? According to interviewed sources, the short-term consolidation in gold prices may continue, but from a medium- to long-term perspective, the core logic supporting gold’s allocation value has not changed.