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China, India keep net inflows in gold ETFs positive so far this year
China and India have primarily ensured that net investments in physically-backed gold exchange-traded funds (ETFs) are positive, though 68 per cent of investors have exited as of April 17, data from the World Gold Council (WGC) showed. China has been the top source of investments in gold ETFs, making up $9.04 billion, followed by India at $3.26 billion. At the sixth-largest net investor, Japan chipped in with $1.26 billion. For the week ending April 17, global inflows into gold EFTs were $63.96 billion. Outflows were to the tune of $43.73 billion, leaving net investments at $20.23 billion. Net inflows in Asia were ... (full story)