ING analysts Warren Patterson and Ewa Manthey report that Gold and Silver have rebounded after recent losses, supported by a weaker Dollar and easing geopolitical tensions. They note that Gold ETF flows have turned positive for three weeks, with six consecutive daily inflows lifting holdings to 99.3 moz, pointing to renewed investor interest after the March sell-off.
Rebound supported by ETF inflows
“In precious metals, gold and silver rebounded after two sessions of losses, supported by a weaker dollar and easing geopolitical tensions.”
“Gold ETF flows have turned positive over the past three weeks.”
“Holdings rose by 10koz on 21 April, marking a sixth consecutive daily inflow and lifting total holdings to 99.3 moz.”
“This points to renewed investor interest following the March sell-off.”
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Source: https://www.fxstreet.com/news/gold-etf-inflows-signal-renewed-interest-ing-202604230851
