Investment flows into physically backed gold exchange-traded funds have shown a mixed pattern over the past fortnight, with significant regional divergence emerging as a key theme.
While global sentiment toward the precious metal has cooled, investors in the United Kingdom and India maintained a positive stance, driving combined inflows of $2.15 billion.
This regional strength stands in contrast to the broader market, where caution has prevailed.
The divergence comes as traders navigate a complex backdrop of geopolitical uncertainty and macroeconomic data risks.
Tensions between the United States and Iran continue to underpin safe-haven demand in certain markets, while the impending release of US inflation data has kept many investors on the sidelines.
The mixed flow data suggests that while the global consensus on gold is fracturing, specific regional drivers are sustaining demand in key markets.