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$BMXI Gold ETF inflows
soaring past 10.5 billion!
Fed interest rate cut hopes and bank gold purchases break records.
👉🏻Gold prices continue to rise, breaking through $3760 and approaching resistance at $3800. Overall, gold prices are expected to continue to rise strongly in 2025, having already increased by 43% since the beginning of the year.
As gold prices trade near $3760, it is poised for its best performance since 1979. Gold Futures are trading near new records, with strong intraday support at $3709.61. Upward momentum remains strong.
Investment flows into gold ETFs worldwide have surged, exceeding US$10.5 billion in September and exceeding US$50 billion since the beginning of the year.
Structurally, global central bank demand has boosted gold prices, with net purchases of around 1,000 tonnes expected in 2025, continuing the record of 1,086 tonnes in 2024.
Central banks around the world are building up gold reserves, led by China, which has increased its gold reserves for the 10th consecutive month, approaching 74 million ounces. Russia, India and Türkiye remain consistent buyers.
Central banks' gold reserves total around 25% of annual demand, reaching unprecedented levels.
Historically, gold has shifted its role from a trace hedge to a strategic reserve asset amid the de-dollarization trend, reflecting the reduction in US Treasuries and the search for assets that are resistant to strategic sanctions. This behavior has helped the price fluctuate above the $3600-$3700 range, especially as central banks tend to buy on dips.
The middleman usually buys when the price pulls back.
In addition, ETF inflows and retail demand supported momentum over institutional buying.
This, coupled with government buying pressure, has seen investment through gold ETFs increase by more than 3,615 tons this year, while silver ETFs increased by 95 million ounces in the first half of 2025. Furthermore, demand for gold coins in many countries remains high. All of these signals point to expanding and robust buying pressure, covering both institutional and retail investors.
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