Gold ETFs Record Fifth Successive Monthly Outflow In October

Global gold-backed exchange-traded funds (ETFs) endured further outflows in October, according to latest data from the World Gold Council (WGC).

Net outflows from these physically backed funds amounted to $2 billion (or 37 tonnes) last month, the body noted. This was the fifth decline on the spin, although outflows were lower than the $3.2 billion or 59 tonnes recorded in September.