Gold ETFs Rebound With $6.6 Billion Inflows After Record Selloff
Global Gold ETFs Flipped Positive in April with European Investors Leading the Rotation. Source: World Gold CouncilGold Flows Reverse Course in April The return of inflows came as gold prices stabilized. Bullion slipped 1.12% in April after plunging 13% in March, its sharpest monthly decline since 2008. Year-to-date, global gold ETFs have recorded $19 billion in net inflows. Total assets under management rose 1% month over month to $615 billion, while collective holdings increased by 45 tonnes to 4,137 tonnes, the third-highest level on record. The flow reversal coincided with a much shallower price drop. The bullion edged down just 1.12% during the month, compared with Marchs 13% rout. That marked the steepest monthly decline since 2008. All regions contributed to Aprils recovery. European funds added $3.7 billion, Asian funds $1.8 billion, and North American funds $1 billion. Year-to-date, global gold ETFs have pulled in $19 billion. Those inflows lifted total assets under management by 1% month over month to $615 billion. In addition, combined gold holdings climbed 45 tonnes to 4,137 tonnes, the third-highest level on record. Chinas Steady Bullion Bid Meanwhile, China has remained a consistent gold buyer even through the war-driven volatility. The Peoples Bank of China (PBoC) added over 8 tonnes of gold