Gold Price Declines Surge European & American Investors' Demand for Gold ETFs - 36Kr

AI desk brief

The article cites WGC data showing record global gold ETF inflows of $31 billion in Q3 2026, adding 211 tonnes and lifting holdings to 4,256 tonnes. October inflows continued at $2.7 billion despite falling gold prices, including $1.8 billion from European investors. Investors interviewed attributed allocations to stock-bond volatility and sovereign-debt concerns; sustained hedging demand could support gold, while WGC’s Jia Shuchang identified rising real interest rates as a headwind. One European asset manager holding a 6% gold ETF allocation said it would add at least three percentage points before year-end if debt-sustainability concerns intensified.