Gold Breakout Triggers Fresh Investor Interest as ETF Flows Turn Positive
Gold surged to a seven-week high last week, reclaiming the 50-day moving average and breaking a downtrend since March, with a 4% one‑day jump that helped futures push higher even as yields cap opportunistic gains. ETF flows swung from a February peak of about $40B into substantial outflows (toward -$20B), then reversed as money returned to precious-metals funds; Chinese gold ETFs added about $1.2B over 14 sessions, underscoring renewed demand alongside central-bank buying per the World Gold Council. Goldman Sachs notes trend followers could flip to a net long of more than $10B if the breakout persists. The immediate test for bulls is holding above $4,000 and clearing the 200‑day moving average near $4,500, which could open room for further gains if momentum holds.