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March 25, 2025

Gold rally finally attracts investors back to mining stocks after months of outflows


According to LSEG Lipper data, funds investing in physical gold and gold derivatives attracted a net $17.8 billion in 2024, the highest in five years, while funds investing in gold miners lost a net $4.6 billion, the most in a decade. 


Gold mining Funds saw their first net monthly inflow in six months in March, attracting $555.3 million, the highest since November 2023, according to Lipper data.


The Gold ETF's have seen continued interest all around the world:


Global Inflows: Gold ETFs have seen significant inflows in 2025, with a total of

142.4 metric tons (approximately $12.9 billion) as of mid-March[1].


·       European Inflows: European funds experienced their largest monthly inflow since March 2022 in January 2025, adding $3.4 billion[5][6].

·       U.S. Inflows: U.S. investors have also increased their investments in gold ETFs, following European trends[1].

·       State Street's SPDR Gold ETFs: These funds attracted $5.4 billion in inflows in 2025, reaching a collective AUM of $101 billion[4].

·       Indian February Slump: Despite record highs in gold prices, February saw a 47% drop in inflows into Indian Gold ETFs due to profit booking, after seeing year-on-year inflows increasing by 99% in February 2025 compared to February 2024[7][8].


Overall, gold ETFs continue to attract investors seeking refuge from economic and geopolitical uncertainties, with significant inflows and growth in assets under management. 



Even @CNBC had a graph showing the Gold ETF inflows…



See more here:

Gold rally attracts investors back to mining stocks after months of outflows

1.      https://www.reuters.com/markets/commodities/trump-driven-turbulence-draws-new-investors-into-gold-2025-03-14/   

2.     https://www.spglobal.com/marketintelligence/en/mi/research-analysis/gold-rush-investors-flock-to-etfs-amid-soaring-prices-and-glob.html  

3.     https://www.etftrends.com/gold-silver-investing-channel/ing-forecasts-inflows-gold-etfs-2025/ 

4.     https://www.etf.com/sections/news/volatility-drives-spdr-gold-etf-assets-new-milestone   

5.     https://www.forbes.com/sites/roystonwild/2025/02/10/gold-etf-inflows-rise-on-european-movements-says-world-gold-council/ 

6.     https://seekingalpha.com/article/4757344-gold-etf-flows-january-2025 

7.     https://www.angelone.in/news/gold-etfs-under-pressure-understanding-the-47-percent-inflow-slump-in-february  

8.     https://economictimes.com/mf/analysis/gold-breaks-records-etf-investors-pull-backinflows-crash-47/articleshow/119041623.cms   





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