BREAKING: Global physical gold-backed ETFs posted +$3.5 billion in inflows last week, the largest weekly intake since February 2026. This also marks the 6th consecutive weekly inflow, the longest streak since January. Over this 6-week period, ETFs have attracted +$10.0 billion in inflows. This is equivalent to +72.2 tons of gold, bringing ETF holdings up to 4,114 tons, the highest since May. European funds led last week’s demand at +$2.3 billion, followed by North America at +$1.1 billion, and Asia at +$200 million. Global demand for gold is acclerating sharply.(The Kobeissi Letter)