Gold ETFs drew largest weekly inflow since March 2022, says WGC
Physically backed gold exchange-traded funds (ETFs) registered the largest weekly inflow since March 2022 last week, data by the World Gold Council (WGC) showed on Monday. Gold ETFs store bullion for investors and account for a significant amount of investment demand for the precious metal, which hit a record high of $2,956.15 per troy ounce on Monday. The surge in gold ETF inflows suggests increasing investor confidence in the metal's value proposition.
- This recent uptick may signal a shift away from safe-haven assets like bonds and towards more volatile investments, potentially altering traditional investment strategies.
- What role are central banks expected to play in shaping investor sentiment around gold as global monetary policies continue to evolve?