In the week ended August 28, investors poured $17.69 billion into global bond funds, including $9.58 billion into U.S. bond funds. The figures, the highest in six weeks, reflect investors’ expectations that Federal Reserve Chairman Jerome Powell will cut interest rates in the coming months. In the United States, $5.42 billion was invested in government bonds, the highest amount since October last year. Meanwhile, silver and gold markets continue to enjoy great popularity. Global money markets saw $8.18 billion in inflows, while gold and precious metals funds attracted $342 million. This trend came at a time when the US stock market suffered a $2.83 billion decline. Additionally, Bitcoin (BTC) exchange-traded funds (ETFs) saw $277.2 million in outflows over the past five days.
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