Gold ETFs see 13th straight week of net inflows
In short
Gold ETFs had net inflows for the 13th week in a row. The report says investors are buying because gold is trading below $4,200 an ounce, with $4,000 seen as the floor.
This suggests demand for gold is still strong. The amount of money coming in and which funds gained the most are not stated.
What the reporting says
Gold ETFs recorded net positive inflows for a 13th straight week, as investors found current prices attractive while gold hovered below $4,200 an ounce with $4,000 seen as a floor. The reporting indicates continued demand for the yellow metal and ETF exposure. The size of the inflows and which funds benefited are not stated.
Why it matters
Gold ETFs have now logged net positive inflows for 13 consecutive weeks, with investors said to view current prices as attractive while gold stays below $4,200 an ounce and $4,000 acts as support. This supports demand for gold-linked funds and the broader metal. The reporting does not state the inflow amount, fund names, or whether the trend will continue.