May. 9 at 9:09 PM
BREAKING: Global physical gold-backed ETFs posted +
$6.6 billion in inflows in April.
European funds led, at +
$3.7 billion, followed by Asia, at +
$1.8 billion, and North America, at +
$1.0 billion.
This marks a sharp recovery from -
$12.0 billion in outflows in March, the largest monthly withdrawal on record.
Year-to-date, global gold ETFs have attracted +
$19.0 billion in inflows.
This lifted total assets under management across global gold ETFs by +1% MoM, to
$615 billion.
At the same time, gold holdings jumped +45 tonnes, to 4,137 tonnes, the 3rd-highest on record.
Global gold demand is rapidly recovering.
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