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Kobeissi Letter (cited 2026-06-25) reported physical gold-backed ETFs saw +5.1…

2026-06-25 · 13:04 UTC ·@bulldogholmes ·1 min read

Brief

Gold ETFs reversed four weeks of net selling with a +5.1‑tonne (+$1.1B) inflow the week before 2026‑06‑25, after cumulative outflows of −58.2 tonnes (−$7.6B). Total holdings are 4,086.3 tonnes—near mid‑January levels—but still below the 4,176.1‑tonne peak; value stands at $549.1B (−22% vs. the record).

Why it matters

Kobeissi Letter (cited 2026-06-25) reported physical gold-backed ETFs saw +5.1 tonnes inflows last week—+ $1.1 billion—the largest weekly inflow since mid‑April.

Key details

  • The inflow follows 4 consecutive weekly outflows totaling −58.2 tonnes (−$7.6 billion); total ETF holdings rose to 4,086.3 tonnes (in‑line with mid‑January) vs. the all‑time high of 4,176.1 tonnes in late February.
  • At last week’s gold prices ETF holdings equal $549.1 billion, 22% below the record $701.7 billion; author @bulldogholmes concludes this is the first clear sign of recovery and that the “GoGold” theme remains alive.
Source evidence

Bottom line: Gold ETF holdings are showing the first clear signs of recovery. The GoGold theme is very much alive. 💰usfunds.com investor alert

Link

U.S. Global Investors - USFunds

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The Kobeissi Letter (@KobeissiLetter)

BREAKING: Physical gold-backed ETFs attracted +5.1 tonnes in inflows last week, the largest weekly inflow since mid-April.

In Dollar terms, investors bought +$1.1 billion, also the highest since mid-April.

This follows 4 consecutive weekly outflows, totaling -58.2 tonnes, or -$7.6 billion.

This brings the total gold ETF holdings up to 4,086.3 tonnes, in-line with mid-January levels.

By comparison, the all-time high was set in the last week of February, at 4,176.1 tonnes.

At last week's gold prices, this stands at $549.1 billion, 22% below the record $701.7 billion.

Gold ETF holdings are showing the first signs of a recovery.

— https://nitter.net/KobeissiLetter/status/2069495249173409913#m