Asset management giant Amundi has just released a report showing that gold ETP and ETC products recorded record net inflows of more than 10 billion euros in the third quarter. This impressive figure even surpassed the total cumulative inflows for the entire year of 2022.
This move reflects a surge in demand for safe-haven assets amid escalating macroeconomic and geopolitical uncertainty. Demand from ETP/ETC funds far exceeded earlier expectations, showing that institutional capital is shifting strongly into precious metals.
The boom in these inflows continues to reinforce gold's solid upward momentum, while also putting pressure on real yields and weakening the appeal of other traditional investment channels. Global risk appetite is clearly shifting toward a defensive stance.
For the crypto market, the strong interest in gold may temporarily divert large capital flows away from $BTC . However, this trend of seeking an inflation hedge and preserving long-term value will ultimately remain a positive catalyst for the digital gold thesis. 🪙
#Gold #Commodities #MacroEconomy
This move reflects a surge in demand for safe-haven assets amid escalating macroeconomic and geopolitical uncertainty. Demand from ETP/ETC funds far exceeded earlier expectations, showing that institutional capital is shifting strongly into precious metals.
The boom in these inflows continues to reinforce gold's solid upward momentum, while also putting pressure on real yields and weakening the appeal of other traditional investment channels. Global risk appetite is clearly shifting toward a defensive stance.
For the crypto market, the strong interest in gold may temporarily divert large capital flows away from $BTC . However, this trend of seeking an inflation hedge and preserving long-term value will ultimately remain a positive catalyst for the digital gold thesis. 🪙
#Gold #Commodities #MacroEconomy