Global gold-backed exchange-traded funds (ETFs) pulled $6.6 billion in April, reversing March’s sharp outflow.
A total of $12 billion was withdrawn from global gold ETFs in March, the monthly outflow, as US-Iran tensions escalated. But as the chart below shows, cash turned to gold in April, as Europe and Asia brought more cash into the market.
Gold Flows Reverse Course in April
The return on investment came when gold prices stabilized. Bullion fell 1.12% in April after 13% in March the lowest monthly since 2008.
Year over year, global gold ETFs recorded $19 billion in total inflows. Total assets under management rose 1% month-on-month to $615 billion, while total revenue increased by 45 tons to 4,137 tons, the third-highest quarter on record.
The conversion rate was associated with lower inflation. The currency fell by just 1.12% on the month, compared to 13% in March. That was the lowest for the month down since 2008.
All regions have contributed until recovery in April. European revenue added $3.7 billion, Asia revenue $1.8 billion, and North America revenue $1 billion. Year after year, gold ETFs around the world have earned $19 billion.
The fund raised total assets under management by 1% monthly to $615 billion. In addition, the combined gold rose by 45 tons to 4,137 tons, third-highest rate on history.
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China’s Steady Bullion Bid
Meanwhile, China it has been stable gold buyer even through war-driven instability. The People’s Bank of China (PBoC) added 8 tonnes of gold in April, extending its purchase volume to 18 consecutive months.
The PBoC’s April purchases were the largest for any month since December 2024, at around 2,322 tonnes.
The April figure follows 5 tonnes added in March. Together, the two months represent China’s largest two-month period since the first quarter of 2025, according to The Kobeissi Letter.
“Every year, China’s central bank has bought +15 tonnes of gold, on track to buy the most every year since 2023. From 2022, the country has officially increased its gold reserves by +372 tonnes, or +19%, making China one of the world’s strongest gold buyers. China is buying a dip in gold,” post he added.
Therefore, the April review shows the gold sector as a The profile anchor has not disappeared. Whether a recovery is in place depends on tensions in the Middle East and expectations of a Federal Reserve rate hike.
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A note Gold ETFs Return With $6.6 Billion Inflows After Record Selloff appeared for the first time BeInCrypto.
