Record Weekly Outflow from Gold Funds Signals Shift in Investor Sentiment

According to Odaily, cryptocurrency influencer Phyrex reported on the X platform that gold funds experienced a net outflow exceeding $7.5 billion over the past week, marking the largest single-week outflow in history. In contrast, the previous four months saw a cumulative net inflow of $59 billion into gold funds. Phyrex suggests that this outflow may indicate a decrease in some investors' risk aversion and an increase in risk appetite, with these funds potentially moving into riskier markets.