| Global holdings of gold by physically backed exchange-traded funds collectively posted their highest daily outflow – of 11.3 tonnes – in nearly three weeks on Wednesday, Commerzbank reports. “The SPDR Gold Trust, the world’s largest gold ETF, was responsible,” the bank says.
The SPDR website shows a single-day outflow of 12.17 tonnes. “Holdings in the gold ETFs tracked by Bloomberg were topped up by a mere 13.7 tonnes in all in August; that’s the smallest monthly increase since April,” Commerzbank says...............................................Full Article: Source
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