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85 tonnes of gold flowed out of ETFs in February as prices fell SECTIONS Last Updated: Mar 04, 2021, 08:37 PM IST Share Synopsis ETFs storing gold for shareholders grew rapidly during the coronavirus crisis as investors amassed what they saw as a safe asset and central banks flooded markets with money, lowering bond yields and making non-yielding gold more attractive. Investor stockpiling drove gold to a record high of $2,072.50 an ounce in August, but prices fell as markets began to anticipate economic recovery and U.S. bond yields rose. Related LONDON: The amount of gold held by exchange traded funds (ETFs) fell by 84.7 tonnes worth $4.6 billion in February as rising bond yields reduced interest in bullion, the World Gold Council (WGC) said on Thursday.

City ofUnited kingdomWorld gold councilMutual fund newsFebruary pricesBond yieldsMutual fundsநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்உலகம் தங்கம் சபைபரஸ்பர நிதி செய்திபிப்ரவரி ப்ரைஸஸ்பரஸ்பர நிதி