Gold ETF inflows in India saw mild outflows!
US trade policy & geopolitical qualms led up exposure Just the World Gold Council published their, Gold ETF Commentary, under the name Global flows stay hot, for the month of March and Q1 in review. Commentary said, trading activity across global gold markets in March came in at US$266bn/day – broadly in-line with the quarterly average of US$270bn/day. LBMA OTC trading of US$136bn/day, resulted in a quarterly average of US$140bn/day. This marks a notable increase when compared to the 2024 daily average of US$113bn. Exchange volumes continued to rise in March, with COMEX taking the charge amid the strong gold price performance. Increased option activity supported North American ETF volumes, but global gold ETF activities still fell mildly month over month (m/m). Total net longs of COMEX’s gold futures fell 3% to 804t by the end of March. Net long positions held by money managers remained relatively stable at 599t, down slightly from 605t at t...