gold exchange-traded funds

Chinese investors withdrew a record $2.91 billion from domestic gold ETFs in June, driven by a stock-market surge and a strong yuan reducing gold's appeal. The World Gold Council attributed the outflows to improved risk appetite, with investors shifting to higher-risk, higher-return assets.

Hong Kong’s pension fund will invest in more gold ETFs as part of the government’s push to establish the city as a gold trading hub, according to a source. The MPFA, overseeing HK$1.53 trillion in pension funds, plans to amend investment rules later this week.