Global gold ETFs saw a net inflow of $8.2 billion last month, with Asian investors contributing $6.1 billion.

According to a report by Jinse Finance, as disclosed by The Kobeissi Letter, global physically-backed gold ETFs saw a net inflow of $8.2 billion last month, marking the fifth largest monthly net inflow in at least two years. Previously, the net inflow in September was $17.3 billion, indicating that gold ETFs have achieved net inflows for five consecutive months. Asian investors dominated fund flows in October, with net inflows reaching $6.1 billion, making it the second strongest month in history. China alone accounted for $4.5 billion of Asia's total net inflows. Since the beginning of this year, gold ETFs have attracted $72.3 billion in capital inflows and are on track to achieve their strongest annual performance ever.