The World Gold Council stated that global investors began to pour back into gold ETFs in April, with a total of $6.6 billion flowing into these funds, 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 month-on-month. At the same time, the collective holdings of gold ETFs also increased by 1% to reach 4,137 tons, which is the third highest in history, slightly below the record high of 4,176 tons set on February 27, 2026. Data shows that all regions recorded net inflows in April, with North American markets reversing their downward trend, Europe leading the way, and Asian markets experiencing net inflows for the eighth consecutive month. In April, North American markets saw a net inflow of $1 billion, with the rebound mainly concentrated in the first half of the month when gold prices rebounded from the lows in March and overall market pressures eased. However, signs of escalation in the US-Iran conflict, a stronger US dollar, and rising bond yields led to an increase in opportunity costs, causing fund inflows to slow down again. In Europe, a significant $3.7 billion net inflow was recorded during the period, reversing the negative trend seen earlier this year. Investors are evaluating the potential inflation impact from prolonged US-Iran conflict and the pressure on energy prices. Additionally, as local stocks fell and the hawkish stance of the Bank of England was weaker than expected, gold prices 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 cumulative inflows for this year are expected to challenge the historical record set last year. China led the way, with gold ETFs in Hong Kong receiving $732 million in new funds, setting a new monthly record, mainly due to the launch of new products. Mainland China's gold ETFs continued to attract $498 million in fund inflows amid heightened geopolitical tensions, declining bond yields, and ongoing central bank gold purchases.