Gold ETFs Attract $6.6 Billion Inflows in April

Global physically backed gold exchange-traded funds (ETFs) attracted $6.6 billion in inflows in April, reversing March's record outflows of $12 billion, according to BeInCrypto. This shift was led by European investors, who contributed $3.7 billion, followed by Asian and North American investors with $1.8 billion and $1 billion, respectively. The inflows coincided with a stabilization in gold prices, which slipped only 1.12% in April after a 13% plunge in March. Year-to-date, global gold ETFs have seen $19 billion in net inflows, with total assets under management rising to $615 billion.