Inflows into European gold funds surged last week, as European investors flocked to safe haven assets after market turbulence sparked by US trade tariffs.

According to data from Morningstar, gold exchange traded commodities pulled in around €1bn during the week ending 18 April, marking the largest period for inflows since mid-January when €1.1bn was gathered. The January haul for the products was the biggest for gold ETCs since March 2022, when they collected around €1.6bn.