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Gold prices are undoubtedly influenced by Central Bank purchases, while ETFs (gold-backed funds) are also quite impactful.
In March, with the start of the Iran War, there was a record monthly outflow of $12.0 billion.
However, in April, there was an inflow of $6.6 billion.
European funds lead with +$3.7 billion, followed by Asia with +$1.8 billion, and North America with +$1.0 billion.
Since the beginning of the year, global gold ETFs have attracted +$19.0 billion in inflows.
This has increased the total assets in global gold ETFs to $615 billion.
Global gold demand is rapidly recovering.
#altın #gold #XAUUSD