Wow! We're seeing absolutely enormous inflows in to gold, setting new records. These are the sorts of charts that get me a bit nervous that the trade is becoming rather crowded. pic.twitter.com/l4MfgU8pzN
— Markets & Mayhem (@Mayhem4Markets) April 20, 2025
Gold just had its biggest ever ETF inflow at $8.0bn in the past week. There is just a "little" more to go for ETFs to catch up… pic.twitter.com/PRQykEjYQ3
— zerohedge (@zerohedge) April 19, 2025
BREAKING: China’s central bank increased its gold holdings by 5 tonnes in March, posting their 5th consecutive monthly purchase.
This brings total China’s gold reserves to a record 2,292 tonnes.
Chinese gold holdings now reflect 6.5% of its total official reserve assets.… pic.twitter.com/LuwiBvnirn
— The Kobeissi Letter (@KobeissiLetter) April 20, 2025
Gold prices are soaring as investors flock to safe-haven assets amid escalating global trade tensions. In South Korea, where the gold rush has reached a fever pitch, daily trading volume has quadrupled, according to market data.
Spot gold surged to a record $3,357 per ounce on global markets on Thursday, extending its year-to-date gain to 26 percent, two days after breaching the $3,300 threshold for the first time. In Korea, prices were slightly lower at around 4.3 million won ($3,020) per ounce, or 152,260 won per gram, on Friday.
Although local prices have eased slightly from a February peak — when gold briefly neared 170,000 won per gram — investor appetite remains strong. The Korea Exchange data showed that average daily trading volume in the local market has reached 50.9 billion won this year, a 342 percent jump from the 2024 average.