According to ING analysts Warren Patterson and Ewa Manthey, gold and silver prices have rebounded after experiencing losses in the previous two sessions, a movement attributed to a weaker US dollar and easing geopolitical tensions [1]. The analysts highlight that gold ETF flows have turned positive over the past three weeks, indicating a shift in investor sentiment following the March sell-off [1]. Specifically, gold ETF holdings increased by 10,000 ounces on April 21, marking the sixth consecutive day of inflows and bringing total holdings to 99.3 million ounces [1]. This trend is seen as a sign of renewed investor interest in gold after the recent period of outflows [1].
CONCLUSION
Recent positive gold ETF inflows and a rebound in precious metals prices suggest a renewed investor appetite for gold, supported by macro factors such as a weaker dollar and reduced geopolitical risks. The sustained inflows over multiple days point to a potential shift in market sentiment following the March sell-off.