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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.