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Gold: ETF inflows signal renewed interest – ING

ING analysts Warren Patterson and Ewa Manthey report that Gold and Silver have rebounded after recent losses, supported by a weaker Dollar and easing geopolitical tensions. They note that Gold ETF flows have turned positive for three weeks, with six consecutive daily inflows lifting holdings to 99.3 moz, pointing to renewed investor interest after the March sell-off.

Rebound supported by ETF inflows

"In precious metals, gold and silver rebounded after two sessions of losses, supported by a weaker dollar and easing geopolitical tensions."

"Gold ETF flows have turned positive over the past three weeks."

"Holdings rose by 10koz on 21 April, marking a sixth consecutive daily inflow and lifting total holdings to 99.3 moz."

"This points to renewed investor interest following the March sell-off."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

JPY: Data and safe-haven backdrop – Danske Bank

Danske Research Team underlines that Japan’s March national Consumer Price Index (CPI) is unlikely to show a surge, contrasting with global inflation trends, with consensus at 1.8% for CPI excluding fresh food.
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Oil: Futures seen underpricing supply risk – Rabobank

Rabobank’s Global Strategist Michael Every warns that conflict around Iran and disruptions in the Strait of Hormuz could significantly extend the energy normalization timeline.
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