US, China lead investors back to gold ETFs as inflows turned positive last week

Physically backed gold exchange-traded funds witnessed net positive investments of $2.62 billion last week as investors in the US and China led the return, data from the World Gold Council (WGC) showed. According to analysts and experts, with gold prices ruling around $4,000 an ounce, there was renewed investment interest. WGC data showed that investments last week were $3.36 billion, while exits were $750 million. At $1.55 billion, the US led the return to gold ETFs, followed by China at $633 million. Crucial floor “The support of $4,000 remains a crucial floor for the metal,” said Colin Shah, founder and…