Key facts
- Asian investors are reducing their purchases of gold ETFs.
- Gold prices are declining amid expectations of U.S. interest rate hikes.
- Investor focus is shifting from gold to stocks.
- Asian investors had previously invested a record $7.1 billion into gold ETFs in January.
- China-listed gold funds saw significant inflows, with one fund attracting $1.9 billion.
Gold prices have been declining as expectations for U.S. interest rate hikes grow, drawing investor attention towards stocks. Consequently, Asian investors who were previously purchasing gold exchange-traded funds (ETFs) are now becoming more bearish.