Gold Fund Outflows Surge to Record High: Investor Sentiment Shifts?

A record-breaking $7.5 billion outflow from gold investment funds has been reported by cryptocurrency influencer Phyrex on X, signaling a significant shift in investor sentiment. This marks the largest single-week outflow ever recorded for these funds. Notably, over the previous four months, investors had consistently poured a substantial $59 billion into these funds. Phyrex suggests this sudden decline may reflect an easing of risk aversion among some investors and a corresponding increase in appetite for greater risk, potentially leading them to shift their investment focus towards more volatile market segments.