Chinese gold ETFs April inflows surpass first quarter total, WGC says

Reuters

Mon, Apr 14, 2025, 7:58 AM 2 min read

LONDON (Reuters) - Investment flows into Chinese physically backed golden exchange-traded funds truthful acold this period person exceeded those for the full of the archetypal 4th and overtaken inflows registered by U.S.-listed funds, World Gold Council information showed.

Gold ETFs successful China accrued by 29.1 metric tons successful the archetypal eleven days of April, John Reade, elder marketplace strategist astatine the WGC, said connected societal media connected Monday. That compares with the inflows of 23.5 tons registered successful January-to-March.

"If the archetypal 4th of this twelvemonth was dominated by the U.S. tariff-related golden flows and Western ETF buying, the 2nd 4th whitethorn person a precise antithetic theme, that of a surge successful capitalist involvement successful golden from China," helium said.

While U.S-listed funds led enactment successful the archetypal quarter, truthful acold successful April they person lagged China, with inflows of 27.8 tons, according to the data.

Gold, considered by galore investors arsenic a hedge against geopolitical and economical risks, is up 22% truthful acold this year, having deed a grounds precocious of $3,245.42 per ounce connected Monday, driven by uncertainty triggered by U.S. President Donald Trump's argumentation of tariffs.

Tit-for-tat tariffs betwixt the U.S. and China drove the yuan to a 2007 debased against the dollar past week. The Chinese currency has mislaid astir 0.6% since April 2, erstwhile Trump announced his reciprocal tariffs.

Global golden ETFs, which store bullion for investors, registered the largest quarterly inflow successful 3 years successful January-to-March.

The golden premium successful China ended past week astatine 1% supra the London benchmark compared to 0.2% a week earlier. Dealers charged premiums of betwixt $24 and $54 an ounce. [GOL/AS]

One golden trader, speaking connected information of anonymity, said planetary bullion banks had been "unusually active" successful China past week, importing important quantities of golden owed to this precocious premium.

(Reporting by Polina Devitt and Rajendra Jadhav; Editing by Pratima Desai and Barbara Lewis)