Investors continue to pull assets from gold ETFs. “Assets in the 14 biggest exchange-traded products dropped 27.78 metric tons to 1,785.52 tons in the week ended Dec. 20, the most since the period to July 5. Holdings reached a record high of 2,632.52 tons on Dec. 20, 2012,” according to Bloomberg.
GLD and the iShares Gold Trust (NYSEArca: IAU) both rank among the 10 worst ETFs in terms of 2013 outflows.
SPDR Gold Shares
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.