Gold SWOT: Net gold ETF inflows turned positive for the first time since early April

Kitco05-26 16:56

StrengthsThe best relative precious metal for the week was gold, although it was down 1.16%. Gold slipped to approximately $4,500 per ounce, down nearly 15% since the Iran conflict erupted, as traders...

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Gold slipped to approximately $4,500 per ounce, down nearly 15% since the Iran conflict erupted, as traders...</p>\n\n<a href=\"https://www.kitco.com/opinion/2026-05-26/gold-swot-net-gold-etf-inflows-turned-positive-first-time-early-april\">Source Link</a>\n\n</div>\n","source":"kitco_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold SWOT: Net gold ETF inflows turned positive for the first time since early April</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold SWOT: Net gold ETF inflows turned positive for the first time since early April\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-26 16:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.kitco.com/opinion/2026-05-26/gold-swot-net-gold-etf-inflows-turned-positive-first-time-early-april><strong>Kitco</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>StrengthsThe best relative precious metal for the week was gold, although it was down 1.16%. Gold slipped to approximately $4,500 per ounce, down nearly 15% since the Iran conflict erupted, as traders...</p>\n\n<a href=\"https://www.kitco.com/opinion/2026-05-26/gold-swot-net-gold-etf-inflows-turned-positive-first-time-early-april\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FGDL","symbol_name":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","start_time":0,"source_url":"https://www.kitco.com/opinion/2026-05-26/gold-swot-net-gold-etf-inflows-turned-positive-first-time-early-april","article_id":"2638541612","we_media_id":null,"thumbnails":[],"rights":{"source":"kitco_highlight","url":"https://www.kitco.com/opinion/2026-05-26/gold-swot-net-gold-etf-inflows-turned-positive-first-time-early-april","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2638541612","pubTimestamp":1779785760,"columns":[],"sourceInfo":{"source_id":"kitco_highlight","name":"Kitco"},"weMediaInfo":null,"summary":"StrengthsThe best relative precious metal for the week was gold, although it was down 1.16%. Gold slipped to approximately $4,500 per ounce, down nearly 15% since the Iran conflict erupted, as traders","collect":0,"end_time":0,"defaultTopTitle":"kitco.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","GLDY":"Defiance Gold Enhanced Options Income ETF","SGOL":"Abrdn Gold ETF Trust","RING":"iShares MSCI Global Gold Miners ETF","FDN":"First Trust Dow Jones Internet I","KGLD":"Kurv Gold Enhanced Income ETF","BAR":"GraniteShares Gold Shares","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","PHYS":"Sprott Physical Gold Trust","DBC":"商品指数ETF-PowerShares DB","XME":"金属与采矿指数ETF-SPDR","DGZ":"做空黄金ETN(德银)","GLD":"黄金ETF-SPDR","SGDM":"Sprott Gold Miners ETF","GDX":"黄金矿业ETF-VanEck","PICK":"iShares MSCI Global Metals & Mining Producers ETF","UGL":"2倍做多黄金ETF-ProShares","CEF":"Sprott Physical Gold & Silver Trust","GLL":"2倍做空黄金ETF-ProShares","OUNZ":"VanEck Merk黄金股票基金","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","IAU":"黄金信托ETF-iShares","AAAU":"Goldman Sachs Physical Gold ETF","GOLY":"Strategy Shares Gold Enhanced Yield ETF","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","GDXJ":"小型黄金矿业ETF(Market Vectors)","AGQ":"2倍做多白银ETF-ProShares","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","IRR":"ING Risk Managed Natural Resourc","DGP":"二倍做多黄金ETN(PowerShares)","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","GLDM":"SPDR Gold MiniShares Trust","IAUI":"NEOS Gold High Income ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","IGLD":"FT Vest Gold Strategy Target Income ETF®","GBUG":"Sprott Active Gold & Silver Miners ETF","UYM":"基础材料指数ETF-ProShares两倍做多","USG":"USCF Gold Strategy Plus Income Fund","NSR":"Nomad Royalty Ltd.","JNUG":"金矿指数二倍做多ETF","BTGD":"STKD Bitcoin & Gold ETF","YGLD":"Simplify Gold Strategy PLUS Income ETF","IAUM":"ISHARES GOLD TRUST MICRO","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","DZZ":"德银黄金两倍做空ETN","ICE":"洲际交易所","JDST":"金矿指数二倍做空ETF"},"translate_title":"黄金SWOT：黄金ETF净流入自4月初以来首次转正","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PHYS":1.5,"DGZ":0.6,"GDXJ":1.5,"IAUI":1.5,"ICE":1,"IAUM":1.5,"DBC":1.5,"DGP":1.5,"IAU":1.5,"JDST":1.5,"AAAU":1.5,"UGL":1.5,"XME":1.5,"UYM":1.5,"NSR":1,"FDN":1.5,"DUST":1.5,"SHNY":1.5,"JNUG":1.5,"GLD":0.6,"FGDL":1.5,"BTGD":1.5,"CEF":1.5,"GOLY":1.5,"DULL":1.5,"1OZmain":1.5,"GLDY":0.6,"GDXU":1.5,"IRR":1,"IGLD":0.6,"SGDM":1.5,"KGLD":0.6,"YGLD":0.6,"USG":1.5,"BAR":1.5,"GDX":1.5,"GLL":1.5,"SGOL":1.5,"GBUG":1.5,"GDXY":1.5,"GLTR":1.5,"RING":1.5,"GLDM":1.5,"PICK":1.5,"BEGS":1.5,"OUNZ":1.5,"DZZ":1.5,"GDXD":1.5,"GOAU":1.5,"AGQ":0.73},"content_text":"StrengthsThe best relative precious metal for the week was gold, although it was down 1.16%. Gold slipped to approximately $4,500 per ounce, down nearly 15% since the Iran conflict erupted, as traders shifted focus from safe-haven flows to the risk that a prolonged Strait of Hormuz closure keeps energy prices elevated and forces central banks to hike rather than cut rates. This marked a reversal from the rate-cut consensus that prevailed before late February. Silver has shown relative strength through the selloff, holding its 50-day moving average at $75.42, supported by dual tailwinds of industrial demand from solar and electronics, as well as its monetary-metal bid. This setup could allow silver to outperform gold if the macro regime tips toward the stagflationary outcome Citi flags as historically strong for precious metals.SSR Mining announced the sale of its 20% ownership stake in Hod Maden to Lidya Mines. In exchange, SSR Mining will receive a 4.0% net smelter return (NSR) royalty. Royal Gold has the option to purchase 2.0% of this royalty for $160 million until 12 months after commercial production, according to RBC.Net gold ETF inflows turned positive for the first time since early April, driven by North America ($824 million) and Europe ($180 million), according to BMO. Silver ETF inflows also surged to their highest level since late February, led by Europe, at 6.2 million ounces.WeaknessesThe worst-performing precious metal for the week was palladium, down 4.77%. The U.S. imposed combined duties of more than 240% on Russian palladium, effectively shutting Nornickel's approximately 40% global market share out of American supply chains. Meanwhile, China absorbed record imports of 8.6 tons in April, nearly triple the seasonal average, as traders arbitraged the spread between Guangzhou futures and global spot prices rather than responding to any pickup in industrial demand.The latest first-quarter 2026 Platinum Quarterly highlights a shift back into surplus, with the market recording its first surplus in six quarters at 268,000 ounces. This was driven by an 18% year-over-year increase in total supply to 1.736 million ounces, with mine supply rebounding 22% YOY, recycling rising 7% YOY and total demand declining to 1.468 million ounces, driven by softer investment demand.Northern Star Resources CEO Stuart Tonkin will step down in the third quarter of 2026 after 10 years as CEO. Bank of America does not view the timing of the announcement, ahead of the company's multi-year outlook, as positive for investor sentiment. Bank of America expects the company to make an external appointment.OpportunitiesPerpetua Resources secured a $2.9 billion loan from the Export-Import Bank of the United States (EXIM) under EXIM's “Make More in America” initiative, the largest loan yet under the program. The loan is intended to help the U.S. secure domestic access to critical minerals such as antimony from the Stibnite project, reducing reliance on Chinese exports and helping meet domestic demand.Johnson Matthey notes that “platinum is forecast to remain in deficit this year, despite the surplus recorded in the first quarter. Combined primary and secondary supplies are set to contract, with moderate growth in auto catalyst recoveries outweighed by lower jewelry recycling and weaker mine supply from South Africa. On the demand front, platinum has a broader base of applications than the other platinum group metals (PGMs), making it less vulnerable to downturns in any single sector.”Agnico Eagle Mines is approving development of Hope Bay. Capital expenditures are estimated at $2.4 billion, and the project generates a 26% internal rate of return (IRR) at $4,500 per ounce. The project will add 400,000 to 435,000 ounces per year starting in 2030, according to BMO. The initial 11-year mine life is based on 50% of the resource, which BMO expects to grow considerably. BMO sees this as a positive step in Agnico Eagle Mines' push to deliver 20% to 30% production growth over the next decade.ThreatsGhana asked large-scale gold miners to sell 30% of annual output to the central bank as part of a revamped reserve-building drive, Reuters reports. The amount producers would be asked to set aside compares with 20% currently.Johnson Matthey says that “demand for palladium is forecast to decline by 9% this year, with automotive use shrinking in line with a drop in internal combustion engine (ICE) vehicle production, industrial consumption flat and investment turning negative. Supplies are also expected to fall, as a sharp drop in Russian shipments more than offsets growth in auto catalyst recycling, but this may not be enough to prevent palladium from moving into a small surplus.”India has placed most silver imports under the “restricted” category with immediate effect, including silver bars, according to Reuters, as the government looks to curb imports and support the rupee. India meets more than 80% of its silver consumption through imports, with the newly restricted categories accounting for more than 90% of silver imports last fiscal year. The move follows last week's increase in gold and silver import duties to 15% from 6%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2638541612","isCrawlerRequest":true}