Continued outflows from the gold ETFs

Preciuos metal markets are seeing the downswing. ETF investors are therefore continuing to jettison their holdings. 

The gold ETFs tracked by Bloomberg recorded outflows of 4.4 tons yesterday, meaning that holdings have been reduced by a good 28 tons since the start of the month.

Demand for gold ETFs has been steadily falling. In contrast to gold, holdings in platinum ETFs have actually risen since the start of the year. 

Poor returns offered by gold schemes, continuous weak pricing causes negative outlook for the yellow metal. The low gold price and negative outlook that it would doubtless be trading even lower continues to impact the investors.