107.5 tonnes of gold flowed out of global ETFs in March - World Gold Council
Neils Christensen Neils Christensen
Thursday April 08, 2021 10:56
***(Kitco News) - The gold market is starting to attract some new bullish momentum, but the market has a big hill to climb as data shows just how dismal the precious metal market has been since the start of the year.
Rising bond yields and resilient strength in the U.S. dollar took their toll on the gold market last month as investors liquidated their gold-backed exchange-traded funds (ETFs) at an extraordinary pace, according to the latest data from the World Gold Council.
Thursday, the WGC said that 107.5 tonnes of gold, valued at $5.9 billion, flowed out of global ETF products in March. The report noted that the gold market had seen strong outflows in four of the last five months.***
Because of current market environments/ inflations concerns /administrations duties and Feds' actions, commodities may skyrocket after summer and beyond???