CHINESE GOLD ETFS APRIL INFLOWS SURPASS FIRST QUARTER TOTAL

Investment flows into Chinese physically backed gold exchange-traded funds so far this month have exceeded those for the whole of the first quarter and overtaken inflows registered by U.S.-listed funds.

Gold ETFs in China increased by 29.1 metric tons in the first eleven days of April, John Reade, senior market strategist at the WGC. That compares with the inflows of 23.5 tons registered in January-to-March.

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