MasterMetals: 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…