Gold ETF’s experience negative outflows
Duncan Richardson, News Editor
2 Apr 2014, 10:55 a.m.
6.4 tonnes of gold was redeemed from gold ETF’s on Monday, the largest, single-daily outflow since 23rd December 2013.
Last week was the second consecutive week gold ETF’s experienced negative outflows taking the total bullion allocated to investors to 1,759.4 tonnes.
Holdings in the world’s largest Gold ETF, the SPDR Gold Trust, which accounts for 45% of all ETF holdings, saw 10.5 tonnes redeemed last week.
The total holdings in Gold ETF’s stands at 1,759.4 tonnes down from its December 2012 high of 2,632 tonnes or 93 million ounces.