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Updated 22:44 26/09/20

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Outflows from Gold ETF’s slow

Duncan Richardson, News Editor
27 Jan 2014, 5:35 p.m.

Outflows from Gold Exchange Traded Funds (ETFs) have slowed following a dismal year for the yellow metal. Since the peak in quarter two when $19.6 billion was withdrawn, the outflows have slowed. According to Nick Brookes, head of global research and investment strategy at ETF Securities “The bulk of shorter-term tactical money that went into gold over 2011 and 2012 has now been cleared and gold ETP holdings are back to 2010 levels.”

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