U.S. leads fifth straight week of gold ETF outflows as investors pull $4.27 billion

Global gold ETFs posted a fifth consecutive week of net outflows, with $4.27 billion leaving in the latest week— the biggest weekly withdrawal so far this year—led by more than $1.5 billion redeemed in the U.S. Gold briefly slipped below $4,200 an ounce before rebounding to around $4,320 after the U.S. and Iran agreed to pause their conflict and sign an agreement, but it is still down nearly 23% since late February. The report said investors rotated toward crude oil and other commodities, while inflation data, revived rate-hike fears and higher bond yields weighed on the metal.