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Commerzbank: Outflows Continue From Gold ETFs

Commerzbank: Outflows Continue From Gold ETFs

Monday March 11, 2019

 

Outflows from gold-backed exchange-traded funds continued on Friday despite the rally in prices, says Commerzbank. “Although gold gained by $15 at its peak on Friday, Bloomberg is once again reporting ETF outflows,” Commerzbank says. “At seven tonnes, they were even fairly high, meaning that outflows since the beginning of the month have totaled 27.5 tonnes. Not much remains of the strong inflows seen in January.”

 

Source:kitco.com/ne