Gold ETF holdings diverge amid Iran war

Financial markets are showing divergent reactions to the ongoing Iran war, with North American and Chinese investors taking opposite positions on gold. North American gold ETF holdings fell by 2.0 million ounces in March, reaching their lowest level this year. Over the same period, Chinese gold ETFs added approximately 500,000 ounces, bringing their total holdings to around 10.0 million ounces. This split suggests differing regional assessments of the conflict's economic and geopolitical risks.