The World Gold Council stated that global investors began pouring back into gold ETFs in April, with a total of $6.6 billion in inflows during the month, reversing the trend of net outflows in March. By the end of April, the total assets under management (AUM) of global gold ETFs reached $615 billion, a 1% increase compared to the previous month. At the same time, the collective holdings of gold ETFs also increased by 1% to 4,137 tons, the third highest in history, just below the record high of 4,176 tons set on February 27, 2026. Data shows that net inflows were recorded in all regions in April, with North America rebounding, Europe leading the way, and Asian markets seeing net inflows into gold ETFs for the eighth consecutive month. In April, North American markets recorded $1 billion in net inflows, with the rebound mainly concentrated in the first half of the month when gold prices rebounded from the low point in March and overall market pressures eased. However, signs of escalation in the US-Iran conflict, a strengthening US dollar, and rising bond yields led to increased opportunity costs, slowing down fund inflows once again. Europe saw a significant $3.7 billion in net inflows during the month, reversing the negative trend seen earlier this year. Investors are assessing the potential inflationary impact of a prolonged Iran conflict and the pressure on energy prices it could bring. Additionally, as local stock markets fell and the Bank of England's hawkish stance was weaker than expected, the price of gold stabilized and investor interest in gold may have increased. In Asia, gold ETFs saw net inflows for the eighth consecutive month, with $1.8 billion in new funds in April. The total inflows for the year are expected to challenge last year's record high. China led the way, with gold ETFs in Hong Kong attracting $732 million in new funds, setting a new monthly record, mainly due to the launch of new products. Mainland China's gold ETFs continue to attract $498 million in inflows amid escalating geopolitical tensions, declining bond yields, and continued central bank gold purchases.