U.S. Gold Exports Surge 285% to Fuel China's Buying as Spot Gold Holds $4,730

U.S. gold exports have surged 285% through New York vaults to meet surging demand from China's central bank, which added 8.1 tonnes in April for an 18th straight month, lifting reserves to 74.64 million ounces ($344B). Spot gold stabilized near $4,730 after peaking at $4,749.58 on weak U.Mich sentiment (48.2) and ADP's 109k jobs miss, bolstered by global ETF inflows of $6.6B in April—Europe $3.7B, Asia $1.8B, India $297M (11th month)—reversing March's $12B outflow. Tokenized gold like Tether (+36% to 707k oz, $3.3B) and Binance (+344%) amplified institutional flows amid resilient central bank demand.