Gold-based ETFs shed 67 t in July

Total holdings in gold-backed exchange-traded funds (ETFs) contracted 67.7 t month-on-month to 2 245 t, or 72.2-million ounces, in July, effectively reversing the gains made in the past few months. The value of the holdings fell 1% month-on-month to $91.5-billion in July, data published by the World Gold Council (WGC) shows.