| The world's largest gold-backed exchange-traded fund, New York-listed SPDR Gold Shares (GLD), last week experienced its first net weekly outflow this year, data from the ETF showed. The fund's gold holdings fell by 5.6 tonnes on a net basis to 818.1 tonnes last week, cutting its inflow for the year to 175.7 tonnes, still a highly elevated level. Its last net weekly outflow was in the week to Dec. 31.
The decline followed a slide in gold prices to their lowest in more than a month last Monday as uncertainty over the timing of U.S. interest rate increases prompted some buyers to take profits after gold's biggest quarterly price rise in nearly 30 years...............................................Full Article: Source
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