A second week of gold ETF inflows, with another shift in regional leadership.
Gold ETFs added 4.5 tonnes last week. That kept the recovery from late September intact, although total buying slowed from 11.7 tonnes the previous week.
Europe and Asia contributed 5.3 tonnes combined, enough to absorb the renewed selling from North America.
Global demand remains positive, but conviction is rotating between regions from week to week. That makes North America the key market to watch again.
Gold ETFs added 4.5 tonnes last week. That kept the recovery from late September intact, although total buying slowed from 11.7 tonnes the previous week.
Europe and Asia contributed 5.3 tonnes combined, enough to absorb the renewed selling from North America.
Global demand remains positive, but conviction is rotating between regions from week to week. That makes North America the key market to watch again.