(Mike Maharrey, Money Metals News Service) Unsurprisingly, given the significant price corrections in January and after the onset of the Iran conflict, significant amounts of metal flowed out of gold ETFs in March. However, it was a tale of regions, with North American funds accounting for the bulk of those outflows and Asian ETFs actually adding metal during the month.
On net, 84.8 tonnes of metal flowed out of gold-backed funds valued at $12 billion. It was the largest monthly outflow in dollar terms on record.
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