Redemptions at SPDR Gold Shares (NYSEArca: GLD) continue despite the precious metal’s bounce the past week following the sharp decline.
Bullion holdings in the gold ETF fell nearly 2% on Monday to 35.5 million ounces, the lowest level since November 2009, according to Reuters.
Year to date, GLD has seen net outflows of $12.2 billion, the highest for any U.S.-listed ETF, according to IndexUniverse data.
The gold fund was down about 15% so far this year, as of Monday’s close.
GLD slipped 1% in early trading Tuesday after rising for five straight sessions. Gold prices climbed back above $1,400 an ounce.