London’s BT Tower to get rooftop swimming pool



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Imagine taking a dip 177m above the streets of London’s West End

Visitors to London’s iconic Telecom Tower might soon be able to go for a rooftop swim, according to plans revealed by the developer turning the building into a hotel.

The iconic 177 meter (581 ft) high structure in Fitzrovia in London’s West End was sold off by BT Group in 2024 to US-based hotel owner-operator MCR Hotels for £275 million ($346 million).

At the time, the firm said it wanted to preserve the Grade II listed building, while converting it into a hostelry.

Now, MCR has announced a small number of public consultation events it is holding on May 11, 12, and 16 where those interested can view the emerging proposals for the site, meet the project team, and share any feedback on the plans.

Those proposals include public access to the top of the tower and its podium buildings for the first time in almost half a century. The 34th floor was famously home to a revolving restaurant that gave diners a panoramic view of Britain’s capital as it slowly turned once every 22 mins, but this was closed in 1980.

Also part of the proposals are a new publicly accessible square plus retail shops and restaurants at ground level, and a rooftop swimming pool.

London is home to a number of high-rise swimming venues already.

There is the vertigo-inducing Sky Pool which spans two apartment buildings ten stories up at the Embassy Gardens development in the Nine Elms region of Wandsworth. You will find an infinity pool at the Shangri-La hotel on the 52nd-floor of the Shard building near London Bridge, and there is also a pool on the roof of the Berkeley Hotel, overlooking Knightsbridge.

The BT Tower was originally known as the Post Office Tower when it was first built in 1964, and its main purpose was to support microwave antennas used to beam telecom signals between London and the rest of the country.

The tower will not be turned into a vertical hotel immediately. BT said payment for the site is spread over six years to 2030, during which time the company will gradually remove all of its telecoms equipment from the building.

As we reported previously, the BT Tower also famously fell victim to a giant kitten in an episode of the British 1970s TV comedy series The Goodies.  ®



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British leader Keir Starmer under pressure after heavy election losses | Keir Starmer

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Keir Starmer, the British prime minister, is facing increasing pressure to set a date for his departure after elections across much of the country resulted in massive losses for his ruling Labour party.

With the bulk of results now counted after voting on Thursday, Labour had lost more than 1,400 representatives from English councils, the local government structures that deliver many neighbourhood services.

Starmer’s party also crashed to defeat in the election for the devolved parliament of Wales, where it had dominated the country’s politics for a century, and went backwards in representation in the Scottish parliament.

Adding to the panic in Labour, the party lost to a series of challengers, including the righting populist Reform UK party, the leftwing Greens, and pro-independence nationalists in Wales and Scotland.

The elections, the biggest since Starmer won power in mid-2024, showed how the UK’s traditional two-party system of Labour and the Conservatives has been smashed, with Reform taking the most votes, and the Greens, Conservatives, Labour and the centrist Liberal Democrats bunched up behind.

While Starmer does not have to face an election to the national parliament in Westminster for three years, increasing numbers of his MPs want him to announce a timetable for his departure, believing he is too politically damaged to turn things around.

Speaking on Saturday morning, one MP, Debbie Abrahams, who represents an area in the north of England which used to be solidly Labour but has increasingly turned to Reform, said Starmer must “put the country first”.

She said: “We have to recognise the dangers that we’re in now, that on this trajectory it doesn’t look good.” Asked how quickly Starmer should go, she said: “I think it is a matter of months.”

For now, however, Starmer has the backing of his senior ministers, at least in public, including the two routinely named as likely challengers: Wes Streeting, the health minister, and Angela Rayner, who was deputy prime minister until last year.

Complicating matters for any plotters is that the person viewed by many in Labour as the best potential replacement for Starmer, Andy Burnham, is not in parliament. He is the mayor of Greater Manchester and could only return to the House of Commons if another MP stood down and he fought the election to replace them.

Starmer has vowed to fight on. In an opinion article for the Guardian on Saturday, the prime minister said he accepted the results were “very tough”, and that lessons needed to be learned.

But he rejected the argument from some MPs that to recover, Labour must do more to bring back left-leaning voters who have shifted their allegiance to the Greens.

He wrote: “While we must respond to the message that voters have sent us, that doesn’t mean tacking right or left. It means bringing together a broad political movement.”

There is a consensus, even among his closest allies, that while Starmer has had some policy successes, and has dealt adeptly with Donald Trump and the wider international situation, his government has made too many mis-steps and U-turns.

More broadly, many in Labour worry that Starmer is unable to properly challenge either Reform UK, led by Nigel Farage, the politician best known for pushing the UK to vote to leave the European Union in 2016, or the Greens, who have surged in the polls under the leadership of the self-styled “eco-populist” Zack Polanski.

However others in the party argue that changing prime ministers mid-government annoys voters just as much. From 2016 to 2022, the then-ruling Conservatives switched prime ministers four times, and were heavily punished by the electorate at the next election.

Under their new leader, Kemi Badenoch, the Conservatives fared badly in Thursday’s voting, losing more than 500 councillors and giving ground in Scotland and Wales.



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Tom Homan says millions of deportations needed to enforce immigration law


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President Donald Trump’s border czar, Tom Homan, responded to a question about how many more deportations are needed to bring the U.S. back to a country of legal citizens, saying, “millions.”

Speaking with Fox News’ Will Cain on Thursday, Homan pushed back on rumors that the administration is ramping down its immigration enforcement surges, saying he expects the deportation numbers to actually increase.

“We’re going to continue to surge resources, especially to sanctuary cities, because we know we have a problem there,” he said. “So, I expect the numbers to increase while the border numbers continue to decrease.”

Asked how many more deportations are needed, Homan said, “Millions. Look … I see it all the time, there’s 12 million illegal aliens in the country, we used 12 million 25 years ago, I think its well over 20 million. So, we’re going to do everything we can to arrest as many people as we can.”

BORDER CZAR HOMAN VOWS TO ‘FLOOD’ NEW YORK WITH ICE AGENTS DESPITE HOCHUL’S RESISTANCE

White House border czar Tom Homan speaking at press conference by border wall between San Diego and Tijuana

White House border czar Tom Homan holds a press conference along the border wall between San Diego, Calif., and Tijuana, Mexico, on Dec. 13, 2025, to announce increased security on the southwest border. (REUTERS/Mike Blake)

Pressed on whether the logistics of such large-scale deportation operations are possible, Homan responded, “I’ll give it one hell of a shot.”

“I mean, bottom line is we’re not going to give up on President Trump’s promise to the American people on mass deportations,” he continued.

Homan confirmed that the administration is hiring 10,000 more immigration enforcement agents. He said there are about 7,000 “on board” and 3,000 more going through training.

TRUMP BORDER CZAR TOM HOMAN WANTS POPE LEO XIV TO RIDE ALONG WITH ICE AGENTS: ‘THEY DON’T UNDERSTAND’

ICE agent Philly airport

An ICE agent patrols PHL in Tinicum Township, Delaware County. (Matthew Hatcher/Getty Images)

The border czar said he expressed his opinion to Department of Homeland Security Secretary Markwayne Mullin that the “vast majority” of these agents “need to go to sanctuary cities.”

“Why is that? We go to Florida, every sheriff, every [police] chief is working with us. They honor detainers, we’ve got less of a problem in states like that, Florida and Texas,” he explained. “However, in states that want to lock us out of jails, that refuse, sheriffs and chiefs, to work with us in any capacity, that’s where we know it’s a problem, because we know they are releasing public safety threats, illegal aliens every day.”

Homan recently issued a warning to New York Gov. Kathy Hochul, vowing to “flood the zone” with Immigration and Customs Enforcement (ICE) officers despite her efforts to block federal operations.

EX-BIDEN OFFICIAL’S CAMPAIGN FACES HEAT AS MISSING CHILDREN SCANDAL RESURFACES: ‘VOTERS DESERVE BETTER’

Split image shows Tom Homan and Gov. Kathy Hochul separated by crack graphic.

A split image shows White House border czar Tom Homan, right, and New York Gov. Kathy Hochul, left, separated by a crack graphic symbolizing divisions over immigration policy. (Adam Gray/Bloomberg via Getty Images; Charly Triballeau/AFP via Getty Images)

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He responded to Hochul’s claim that federal agents aren’t welcome in her state without permission and that she is not asking for help, by saying, “Well, Governor Hochul, I’m not asking either. I said it. We’re going to do it.”

“This is what we have to do because she forces this position. And we’re going to do it. They’re not going to stop us. They can put all the roadblocks they want, but we’re [going to] do this job,” he said.

Fox News Digital’s Madison Colombo contributed to this report.



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Scaled-back Victory Day parade held in Moscow | In Pictures News

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Russia has held one of its most scaled-back Victory Day parades in years, citing the threat of attack from Ukraine, where a decisive victory for Moscow’s forces has remained elusive more than four years into the deadliest conflict in Europe since World War II.

The May 9 parade on Moscow’s Red Square is Russia’s most revered national holiday, a moment to celebrate the Soviet Union’s defeat of Nazi Germany and to commemorate the 27 million Soviet citizens, including many from what is now Ukraine, who were killed during the war.

Once used to showcase Russia’s military might, including its nuclear-capable intercontinental ballistic missiles, this year’s parade featured no tanks or other heavy military hardware rolling across the cobblestones of Red Square.

Instead, weapons including a Yars intercontinental ballistic missile, the new Arkhangelsk nuclear submarine, the Peresvet laser weapon, the Sukhoi Su-57 fighter jet, the S-500 surface-to-air missile system and a range of drones and artillery were displayed on giant screens on the square and broadcast on state television.

Soldiers and sailors, some of whom have served in Ukraine, marched and chanted as President Vladimir Putin looked on, seated alongside Russian veterans in the shadow of Vladimir Lenin’s Mausoleum. North Korean troops, who have fought against Ukrainian forces in Russia’s Kursk region, also took part in the march.

Fighter jets flew above the Kremlin’s towers and Putin delivered an eight-minute address, promising victory in the war in Ukraine, which the Kremlin refers to as a “special military operation”.

“The great feat of the victorious generation inspires the soldiers carrying out the tasks of the special military operation today,” Putin said. “They are confronting an aggressive force armed and supported by the entire NATO bloc. And in spite of that, our heroes march forward.”



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FBI raids Virginia Sen. Lucas’ office and dispensary in Biden-era probe


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Democrats accused the Trump administration of political prosecution after powerful Virginia Senate President Pro-Tem L. Louise Lucas’ Portsmouth office and cannabis dispensary was raided by the FBI.

However, reports surfaced after the raid that the investigation into the 81-year-old, three-decade senator was started under former President Joe Biden’s administration.

Scandal-plagued Attorney General Jay Jones — whose comments about envisioning the murder of the commonwealth’s former GOP House Speaker roiled his ultimately successful campaign – cast aspersions on President Donald Trump and “failed prosecutions” of his political “enemies.”

“We simply do not have sufficient information about the reported FBI activity in Portsmouth. However, several previous actions of the U.S. Attorney’s Office for the Eastern District of Virginia have undermined public confidence in that office,” he said of the Alexandria-centered prosecutor’s office that handles cases in Lucas’ region.

POWERFUL DEM’S JABS AT TRUMP COME BACK TO HAUNT HER AFTER OFFICE RAIDED BY FBI: ‘AGED WELL’

President Joe Biden winking while hosting governors and spouses in the White House dining room

President Joe Biden winks while hosting U.S. governors and their spouses for a black-tie dinner after the National Governors Association meetings in the State Dining Room of the White House in Washington, D.C., on Feb. 24, 2024. (Saul Loeb/AFP)

“These include the failed prosecutions against President Trump’s stated political enemies, former FBI Director James Comey and New York Attorney General Letitia James that were both dismissed by a judge well before trial. I urge everyone to exercise restraint in judgment until the relevant facts are known in this matter,” Jones said, referring in part to allegations of wrongdoing in connection to a home linked to James in nearby Norfolk.

Rep. Bobby Scott, a Newport News Democrat who has represented Lucas’ area for 33 years, slammed Trump after the raid.

“While we await the full facts of the investigation, it must be acknowledged that this FBI raid occurs in the broader context of President Trump’s repeated abuse of the Department of Justice to target his perceived political opponents,” Scott said, before adding the raid’s timing following Virginia voters approving Lucas’ redistricting bid is notable.

“Senator Lucas helped lead the successful effort by Virginia voters to reject President Trump’s attempt to rig the midterm elections,” he said, going on to echo Jones’ concerns about recent Trump-era prosecutions like those of James, Federal Reserve Chair Jay Powell and ex-G-Man James Comey.

“Like all Americans, Senator Lucas has a right to due process and a presumption of innocence,” Scott said.

One of Lucas’ top allies in Richmond and a fellow Portsmouth lawmaker also expressed outrage and pointed the finger at the White House.

“Let’s start with this: Senator L. Louise Lucas has not been charged with anything! I am deeply concerned by today’s FBI raid,” fumed Virginia House Speaker Don Scott Jr.

“Given the politicization of this administration — an FBI led by Kash Patel and a Justice Department run by President Donald Trump’s former personal attorney — I think people should take this with a grain of salt and allow the facts to come out before jumping to conclusions,” he said.

Speaker Scott said “theatrics and speculation” are overpowering verifiable information about the case before also criticizing Fox News’ reporting of the matter.

THE 6 BIGGEST FBI SCANDALS UNDER THE BIDEN ADMINISTRATION

Sen. L. Louise Lucas speaking on the Senate floor at the Virginia State Capitol in Richmond

Sen. L. Louise Lucas speaks on the Senate floor at the Virginia State Capitol in Richmond, Va., on March 8, 2024. (Minh Connors/The Washington Post via Getty Images)

The Associated Press, New York Times and other outlets reported several sources within the federal government telling them the probe that sparked the raids began under the octogenarian Delawarean.

“One of the people said the investigation into Democratic Sen. L. Louise Lucas was opened during Democratic former President Joe Biden’s administration. Both spoke on condition of anonymity to discuss an ongoing criminal investigation,” the AP reported.

Another official told News of the United States (NOTUS) that the probe into Lucas was “financial” in nature and also that it began under Biden, while the New York Times characterized the origination similarly and suggested “corruption and bribery” concerns.

Lucas’ deputy in Richmond also fired off a missive lambasting Trump, claiming he has proven his intent to “target the Commonwealth of Virginia” because it voted for Kamala Harris in 2024.

“Senator L. Louise Lucas is an outspoken and historic figure in Virginia politics and has not been charged with a single crime,” said Senate Majority Leader Scott Surovell, D-Mount Vernon.

Surovell, an attorney in Fairfax County, said Trump “obliterated” the Justice Department’s independence and said the president wrongly removed ex-U.S. Attorney for Western Virginia Todd Gilbert – the same official Jones envisioned the murder of – and “purged” prosecutors’ offices of career staff members.

“Every Virginian should be very worried about the rule of law and how it will be applied in this Country and our Commonwealth,” Surovell said in a statement.

Meanwhile, Lucas fired back in a statement obtained by Richmond conservative radio host John Reid, the 2024 GOP lieutenant gubernatorial nominee.

“Today’s actions by Federal agents are about far more than one state senator; they are about power and who is allowed to act on behalf of the people. What we saw fits a clear pattern from this administration: when challenged, they try to intimidate and silence the voices who stand up to them,” Lucas said.

“I was proud to help lead [the redistricting] effort and I have never been afraid to stand up to Donald Trump or anyone else that has tried to undermine our democracy,” she said, before going on to say she is not backing down and will continue fighting for and representing Portsmouth.

“LOL, sure Louise,” Reid said in response on social media.

“Everyone knows you’re as honest and pure-hearted as the day is long.”

Reid said that casting blame on Trump is the “best play” in this situation because “lots of TDS (Trump Derangement Syndrome) zombies will believe you immediately.”

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Senate Majority Leader Scott Surovell and House Speaker Don Scott Jr. standing together

Senate Majority Leader Scott Surovell and House Speaker Don Scott Jr. are pictured together in a photo. (Minh Connors for The Washington Post/Shannon Finney/Getty Images for SEIU)

No further information has been released by the FBI about any charges against Lucas, who was not detained in the operation.

The raid began a 48-hour period for Virginia Democrats, who on Friday saw Lucas’ redistricting effort implode in court, giving Republicans nationally a major boost in their efforts to hold the House majority.



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World Cup 2026: How US football has evolved since hosting in 1994 | World Cup 2026 News

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Football has gained a foothold in the US, and the country seems ready to host the World Cup this summer – which was not clear in 1994.

Back then, when the US last hosted the World Cup, the country had no professional league and the national team was cobbled together with ex-collegians, journeymen, and semi-professionals.

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“Leading into ’94, we were at risk on the ticket side,” former US Soccer President Sunil Gulati told Al Jazeera in a recent interview. “For the US Organizing Committee, it was a big concern if we could sell all the tickets.’’

In the end, the 1994 tournament was successful. A record 3.5 million (68,991 per game) attended matches; the US advanced from the group stage for the first time since 1930, losing 1-0 to eventual champions Brazil in the last 16; and seeds were planted for a professional league, Major League Soccer.

Football has since moved from the margins to the mainstream in the US.

MLS is thriving, the national team is ranked a creditable 16th in the world by FIFA, and as the World Cup returns this summer, ticket demand far outpaces supply.

“If you said in 1994 MLS would be a 30-team league, with [22] soccer-specific stadiums and averaging 20,000 crowds – not in our wildest dreams,” Gulati said.

“The landscape is completely different. The most visible thing is the development of professional leagues, MLS and the women’s league [NWSL]. We had no first division league. And now there is [also] USL Division 2 and 3. The number of teams has increased dramatically.”

Today, the US Soccer Federation, commonly referred to as US Soccer, sanctions 127 professional teams – 102 men’s and 25 women’s.

“Eighteen of the top 50 [valued] teams in the world are in MLS,” Gulati said. “That’s an extraordinary statistic. The women’s team in Columbus just sold for $205m. Commercial interest in soccer and soccer leagues is at an all-time high.”

Credit Joao Havelange for seeing the future. During his reign as FIFA president, Havelange usually got what he wanted, and he wanted the 1994 World Cup in the US, along with a professional league.

Easier said than done, though. Organised football has been played in the US since the late 19th century, with the American Cup inaugurated in 1884. But over the following decades, several professional leagues collapsed, and after the North American Soccer League (NASL) folded in 1984, there appeared to be little future for the game. Enter Havelange and FIFA.

“FIFA recognised a long time ago that, for the sport to grow internationally, it had to be successful in the US,” Farrukh Quraishi, a Tampa, Florida-based administrator who played in the NASL, told Al Jazeera.

“For me, it was purely a matter of time. This is a huge and wealthy market. Now, you look at who is buying clubs in MLS, and it’s a who’s who of NFL owners.”

Looking back, it’s remarkable that the US actually competed in World Cups and played host to one at all, without a nationwide professional league.

Romario (with trophy) and captain Dunga of Brazil and the Brazilian team celebrate after winning the1994 FIFA World Cup Final against Italy on 17 July 1994 played at the Rose Bowl in Pasadena, California, United States. Brazil defeated Italy 3-2 in a penalty shootout.(Photo by Ben Radford/Getty Images)
Brazil celebrates winning the 1994 World Cup after defeating Italy 3-2 in a penalty shootout [Ben Radford/Getty Images]

For years, football’s foundation in the country was built on amateur and youth participation. By the early 1990s, the numbers were high, with an estimated 18 million people playing the sport at some level in the US. But the pyramid lacked a top tier, leaving a dead end for aspiring players, little media coverage, and scattered fan interest.

The 1994 World Cup came and went, and, in 1996, MLS finally kicked off.

Havelange duly arrived to commemorate the inaugural game, sitting in the rickety stands of Spartan Stadium in San Jose, California.

The San Jose Clash edged DC United 1-0, as Eric Wynalda scored an 88th-minute goal – just in time to avoid the game going to a “shootout”, in which draws were decided by players going one-on-one with goalkeepers from 32 metres (35 yards) out. This novel method of deciding games ended in 2000.

Football-specific stadiums started springing up in 1999. Lamar Hunt’s Columbus Crew Stadium became the country’s first major purpose-built football venue since Mark’s Stadium in Fall River, Massachusetts, in 1922. Now, Columbus are on their second stadium, the ScottsMiracle-Gro Field, and a total of 22 MLS teams compete at their own venues.

Football finally became part of the US sporting scene.

“Is it in the same way as the NFL, with [average figures of more than 18 million] watching it, or the American Pastime that baseball is? No,” Gulati said.

“It’s not at that viewership level, [but] there is worldwide coverage of games. Look at everyone wearing jerseys on the street, Lionel Messi playing in Miami. It is part of the mainstream.”

‘Soccer still isn’t king in the US’

Not that the picture is not flawed. Wynalda, who went on to score 34 goals in 106 games for the US national team, sees the current system as a recipe for mediocrity, registering millions of youngsters but limiting their ambition as few US players take up prominent roles on MLS teams.

Most are offered the league’s minimum annual salary ($80,622) and only two US players were listed last year among the top 40 highest-paid, according to the MLS Players Association – Austin FC forward Brandon Vazquez (24th at $3.55m) and Nashville SC defender Walker Zimmerman (27th at $3.45m).

“Look at the growth of [MLS] and you can say soccer looks professional, looks like a big deal, looks major league. And a lot of people look at the sport with a different lens now because it’s a legitimate sport,” Wynalda, now a coach and commentator, told Al Jazeera.

“[But] facilities do not create ability. We need more focus on a competitive environment to develop players. We tell them winning doesn’t matter and then wonder why they can’t win. We’ve lost that competitive mentality.”

He favours introducing promotion/relegation as a solution.

“If you’re going to a team that is never going to be relegated, because it’s got enough money, you never learn how to fight relegation, how to beat 11 angry men with their livelihood on the line,” Wynalda said.

And while the MLS franchise model has created riches, with teams valued as high as Los Angeles FC at $1.25bn (thanks to owning the 22,000-seat BMO Stadium) by Forbes Magazine, the quality of play does not always correspond.

MLS teams have tended to struggle in CONCACAF competitions, although in 2022 the Seattle Sounders ended a 22-year drought for an MLS side to win the federation’s elite competition, which was previously won by DC United in 1998 and LA Galaxy in 2000.

“There are things we agree with and disagree with, on and off the field, but [MLS] is successful,” Fox Sports commentator Alexi Lalas, a central defender for the US in 1994, told Al Jazeera. “I don’t think you can argue against that.”

Thanks to the 1994 WC and MLS, football in the US became “a very different world, to finally be even recognised for what you did, let alone respected”, Lalas said. “You know, soccer still isn’t king in the US, but, let’s be honest, it’s part of the palate and certainly part of the landscape when it comes to this generation.”

Lalas predicts the US will harness the “magic” of being hosts to reach the quarterfinals, while Gulati expects the sport to continue to grow in the US after the World Cup.

“That is what the legacy of the tournament is about and why we bid,” Gulati said.



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Global gold ETF demand rebounds $6.6 billion in April; India extends inflow streak to 11 months: World Gold Council


Global investors began rotating back into gold ETFs in April as India recorded positive flows of $297 million, marking its 11th consecutive month of inflows, according to a report by the World Gold Council (WGC). Following notable outflows in March, global physically backed gold ETFs recorded inflows of $6.6 billion during the month.

As per the report, all regions registered positive flows with European funds leading the recovery. The April expansion lifted global gold ETFs’ total assets under management to $615 billion, which represented a 1 per cent increase month-on-month (mom). Collective holdings also rose 1 per cent to 4,137 tonnes.

This figure stood as the third highest ever and remained just below the record high of 4,176 tonnes set on 27 February 2026. “India recorded positive flows of $297 million in April, its 11th consecutive month of inflows, and Japan attracted $246mn,” the report highlighted. China led the Asian region during the month. Funds in Hong Kong added a record $732 million, supported by new product listings.

Meanwhile, gold ETFs in mainland China continued to draw inflows of $498 million amid elevated geopolitical tensions, falling yields, and continued official-sector gold buying announcements. “Gold ETFs in Asia extended their inflow streak to eight months, adding $1.8bn in April,” the report said.

Similarly, European funds saw a large inflow of $3.7 billion in April, which flipped their year-to-date (YTD) total from negative to positive. The United Kingdom led this surge, while Switzerland and Germany also contributed meaningfully to the regional total.

The report noted that “positive flows in the region appeared linked to heightened geopolitical and geoeconomic risks, as investors assessed the inflationary implications of a more protracted Iran conflict and the associated pressure on energy prices.” With local equities retreating and the Bank of England acting less hawkish than expected, WGC stated that investor interest in gold is likely strengthened as prices stabilized.

North America reversed course in April by recording inflows of $1 billion. The rebound remained concentrated in the first half of the month as gold recovered from its March lows and broader market pressures eased. “Flows softened again in the back half of April as the US-Iran conflict showed signs of further escalation and higher opportunity costs re-emerged through a stronger dollar and higher yields,” the report mentioned.

Funds in other regions recorded solid inflows of $106 million. Unlike the choppier flow patterns seen across major regions, these markets saw steady, marginal buying throughout April, led by Australia and South Africa.The report stated that global gold market trading volumes fell 24 per cent mom, to $398 billion per day in April.

Despite the decline, volumes remained above the 2025 average of $361 billion per day, signaling ample gold market liquidity. Over-the-counter volumes declined by 10 per cent to $244 billion per day but stayed well above the 2025 average.

The WGC highlighted that the positioning data pointed to a modest easing in total COMEX net longs, which declined 4 per cent over the month to 477 tonnes. While managed money positions briefly rebuilt after the March sell-off, early-month additions of 15 tonnes were offset by late-month selling of around 23 tonnes.

Published on May 9, 2026