Global gold funds are showing the first signs of recovery since the Iran war began:
World gold-backed ETFs posted +9 tonnes of gold inflows in the week ending April 3rd, the highest since the last week of February.
This comes after 4 consecutive weekly outflows of -88 tonnes following the outbreak of the Iran war.
The largest US gold-backed ETF, $GLD, alone added 7 tonnes last week, bringing total holdings to 1,054 tonnes, the highest since March 20th.
$GLD's holdings are still -47 tonnes below the early March peak of 1,101 tonnes, which marked the highest level since April 2022.
Meanwhile, holdings in the silver-backed ETF, $SLV, fell -24 tonnes over the last week, to 15,264 tonnes, near the lowest since November.
Investors are rotating back into precious metals.
@SingularityRes I like the updates on the tracker. Was thinking if it doesnt crowd the chart too much highlighting week start and end to better understand were more sales are happening, beginning, end, weekend. Etc. thanks for your work!
@KTTECHPRIVATE Fought myself to stay out of pre fomc trades. Managed to stay patient and caught 80% on a little $570 lotto. Preciate your guidance my man
Somebody fly @ChrisStapleton in for tonights USA V Canada game at TD. If he sings that Star Spangled Banner again like the Super Bowl its good guys by a billion. #4Nations
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