News From Press Inflows into global gold ETFs slump 77% in April

Inflows into global gold ETFs slump 77% in April

Source: Mint May 19, 2022

Global gold exchange-traded funds (ETFs) saw net inflows of 43 tonnes or $3 billion in April, according to a report by the World Gold Council. While the inflows were 77% lower than the previous month, which was the strongest since February 2016, it was the fourth consecutive month of inflows, maintaining the momentum of flight-to-quality flows we have witnessed this year.

This lifts global holdings to 3,869 tonnes or $238 billion, just 1% below the all-time high of 3,922 tonnes in November 2020.

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