Six weeks of gold inflows.
Gold ETF flows stayed positive for a sixth consecutive week, but the regional leadership flipped decisively.
North America surged from 5 tonnes to 15.9 tonnes, accounting for nearly 59% of the week’s 27.1-tonne global inflow. After several weeks of softer participation, conviction returned sharply.
Europe moved in the opposite direction. Flows dropped from 16.8 tonnes to 6.5 tonnes, ending its four-week run as the strongest source of demand. Asia continued to strengthen, rising from 2.4 tonnes to 4.6 tonnes, while other regions recorded no net inflows.
The streak remains intact, but its engine has changed. Europe carried global gold demand through the previous month. This week, North America took back the lead.
Gold ETF flows stayed positive for a sixth consecutive week, but the regional leadership flipped decisively.
North America surged from 5 tonnes to 15.9 tonnes, accounting for nearly 59% of the week’s 27.1-tonne global inflow. After several weeks of softer participation, conviction returned sharply.
Europe moved in the opposite direction. Flows dropped from 16.8 tonnes to 6.5 tonnes, ending its four-week run as the strongest source of demand. Asia continued to strengthen, rising from 2.4 tonnes to 4.6 tonnes, while other regions recorded no net inflows.
The streak remains intact, but its engine has changed. Europe carried global gold demand through the previous month. This week, North America took back the lead.
