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HinduBusinessLine
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Gold ETFs witness $38 billion investments in June after $1.8 billion outflows in May
- Money managers reduced long positions by 28%, indicating the end of gold rush.
- Despite record gains, gold lost 2% last week with current prices at $3,290.55/oz.
- Investors in North America, Europe, and Asia led investments in gold ETFs in June.
- Global gold ETFs' total AUM rose 41%, reaching a record $383 billion in June.
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