Net outflows from gold-backed exchange-traded funds (ETFs) sped up again in August following a cooldown the previous month, latest data from the World Gold Council (WGC) has shown.
Global ETFs backed by physical metal experienced outflows 46 tonnes last month, equivalent to some $2.5 billion. This was the third month on the spin that net outflows have been recorded, and up from the 34-tonne outflow reported in July.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased