Physical gold-backed exchange-traded funds attracted 5.1 tonnes of inflows last week, the largest weekly increase since mid-April, according to data highlighted by The Kobeissi Letter.
Gold ETF Inflows Return
In dollar terms, investors added about $1.1 billion to gold-backed ETFs during the week, the market commentator said in a post on X on Tuesday.
The inflows followed four consecutive weeks of outflows totaling 58.2 tonnes, or about $7.6 billion, the data showed.
“Gold ETF holdings are showing the first signs of a recovery,” The Kobeissi Letter said in the post.
