A Record Month for Gold Inflows — Retail & Central Banks Are Waking Up In January, Indian investors made a move that should set off sirens for anyone still clinging to the legacy financial system: they bought more gold ETFs than equity mutual funds — a rare and telling crossover. Net inflows into Indian gold exchange-traded funds hit a record 240.4 billion rupees ($2.65 billion), outpacing stock fund inflows for the first time in recent memory. That’s not just a data point; that’s a seismic shift in investment psychology. Gold’s Rally Isn’t Just Retail FOMO — It’s Institutional and Global It’s not just India’s public waking up. While Wall Street yawned through January, the People’s Bank of China extended its…

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