Inflows into gold ETFs continue to be net positive for 3rd week in a row

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As gold prices surge due to weakened expectations of interest rate hikes following weak U.S. employment figures, domestic gold-related ETFs and the stock prices of mining companies are showing signs of recovery. Amidst spreading preference for safe assets, major central banks, including the Bank of Korea and the People's Bank of China, are stepping in to purchase gold, providing upward momentum to the gold market.