Gold-backed ETFs saw largest weekly inflows since April, with investors adding $1.1B. However, GLD and IAU are still down YTD.

Gold ETF inflows turned positive after five weeks, despite significant outflows, driven by geopolitical tensions and economic factors.

Gold-backed ETFs attracted $1.1 billion in net inflows last week, the largest since April, snapping a four-week outflow streak that drained $7.6 billion.