Global gold-backed ETFs post 38.3-tonne weekly outflow, biggest since September 2022

Global gold-backed exchange-traded funds recorded net outflows of 38.3 tonnes last week, marking the largest weekly withdrawal since September 2022. North America accounted for the biggest share of the selling at 23.6 tonnes, followed by Asia at 8.7 tonnes and Europe at 5.9 tonnes. In dollar terms, the funds posted $4.7 billion in outflows, highlighting a broad regional pullback from products that give investors exposure to gold through listed fund structures.