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 and prices have typic
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