Outflows for gold ETPs despite high equity market volatility

Outflows for gold ETPs

Gold exchange-traded products (ETPs) have seen large outflows in both the US and Europe – an unusual occurrence in an environment of increased equity market volatility. The price of gold declined by 6.1% over the month, fuelling redemptions in ETP holdings, according to a Deutsche Bank monthly market report. European domiciled gold ETPs experienced outflows of €571 million, and it was similar in the US with about €537 million, as outlined in the report. While gold ETP flows an