First-quarter dip in gold ETFs, World Gold Council

Exchange-traded funds and similar products that track the price of gold saw net outflows of 56 tonnes ($2.5bn) during the first quarter of the year, according to a World Gold Council report

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Drop in gold price leads to profit-taking surge

The drop in gold price during the first quarter of the year (Q1) has had a mixed response from exchange-traded fund (ETF) investors, with products listed in US and UK markets experiencing net redemptions in Q1 linked to a profit-taking surge. Most other markets experienced net inflows, however, as investors used the lower prices as an opportunity to add to their positions, according to the report.

The net outflows were concentrated in January and February, when lower gold prices spurred a wave

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