Physical gold-backed exchange-traded funds (Gold ETFs) recorded an inflow of 5.1 tonnes last week, the biggest weekly addition since mid‑April. In dollar terms, investors bought about $1.1 billion worth of gold, also the highest level since mid‑April. This follows four consecutive weeks of outflows that totalled 58.2 tonnes, roughly $7.6 billion. As a result, total ETF gold holdings rose to 4,086.3 tonnes, roughly matching the mid‑January level. The historic high for these funds was 4,176.1 tonnes at the end of February. With last week’s gold prices, the funds’ assets are valued at $549.1 billion, still about 22 % below the record $701.7 billion.