Mumbai, May 9 -- World Gold Council or WGC stated in a latest update yesterday that global physically backed gold ETFs added US$11 billion (bn) in April, extending their inflow streak to five months. Supported by a higher gold price and continued inflows, global gold ETFs' total assets under management (AUM) reached another month-end high of US$379bn. Meanwhile, holdings surged 115 tonnes (t) to 3,561t, the highest since August 2022 and yet still 10% below the month-end peak of 3,915t in October 2020.
Asia led inflows, accounting for 65% of the net global total - their strongest month on record. North American demand was also sizable while European flows flipped negative. Other regions continued to experience positive demand, albeit only m...