ETFs lose 5.1t gold in February

GOLD-backed exchange traded funds collectively held 2393.4t of gold valued at $101.4 billion at the end of February, after losing 5.1t ($146 million) during the month.

  • Staff Reporter
  • 09 March 2018
  • 04:52
  • News
ETFs lose 5.1t gold in February

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The World Gold Council reports that regional fund flows were:
 
• Asian-listed funds added 7.9t ($317 million, 8.3% of assets under management);
 
• European funds lost 7.3t ($240.6 million);
 
• North American funds lost 5.1t ($196 million); and
 
• Funds in other regions lost 0.7t ($28 million, 1.6% of assets under management).
 
Overnight, the gold price was fixed at $1322.25.
 
The WTI crude oil price was slightly down overnight at $60.26 per barrel.
 
In softer commodities, cocoa increased $50 per tonne or 2.04% to $2506/t yesterday from the $2456 in the previous trading session, tradingeconomics.com reported. Historically, cocoa reached an all-time high of $4361.58/t in July of 1977 and a record low of $211/t in July of 1965.
 
Coffee decreased 0.20c per pound or 0.17% to 119.10c/lb yesterday from 119.30c/lb in the previous trading session, tradingeconomics.com reported. Historically, coffee reached an all-time high of 339.86c/lb in April of 1977 and a record low of 42.50c/lb in October of 2001.
 

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