Global Gold ETFs Surge with $6.6 Billion Inflow in April

Global gold-backed ETFs staged a dramatic reversal in April, attracting $6.6 billion in fresh capital after losing $12 billion in March outflows.

A weakening US dollar, falling oil prices, and continued central bank accumulation drove the turnaround. Gold has gained roughly 210% since October 2023, though it recently corrected 16.5% from its highs.

Interest in tokenized gold is also growing. Binance's gold futures contracts, launched in January, surpassed $100 billion in cumulative trading volume.

Equity ETFs captured $7.1 billion during the same period, putting gold ETFs nearly neck-and-neck with stocks in new capital attraction. Digital asset funds faced $317 million in daily net outflows.