Gold price performance was a large contributor to outflows as it fell more than 2% in US dollar terms.
All regions experienced outflows in July. ETF outflows were dominated by North American funds, losing $984 million.
Asia experienced the largest outflows on a percentage basis (6.2%), while Europe reversed the recent trend of inflows, losing 8.0t ($302 million).
Overnight, the gold price was fixed at $1210.36 an ounce.
The WTI crude oil price was slightly down overnight at $66.72 per barrel.
In softer commodities, cocoa decreased $30 per tonne or 1.42% to $2081/t yesterday from the $2111 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 0.50c per pound or 0.46% to 107.35c/lb yesterday from 107.85c/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.