Opinion: Gold funds saw net outflows of over $7.5 billion in the past week, potentially flowing into risk markets.

Crypto KOL Phyrex posted on the X platform that gold funds experienced net outflows of over $7.5 billion in the past week, marking the largest single-week net outflow on record. This contrasts sharply with the previous four months, when gold funds saw a cumulative net inflow of $59 billion. He believes the outflows may indicate a weakening of risk aversion among some investors, leading to an increase in risk appetite, and that these funds may be flowing into riskier markets.