Gold loses its shine as investors pull out of ETFs in March

World gold ETFs lost 107.5 t (-US$5.9 billion, -2.9% assets under management [AUM]) in March, marking outflows for the fourth month out of five, according to data from the World Gold Council. This was also the second month in a row in which net outflows ranked the top 10 worst outflows historically. Global AUM stand at 3574 t (US$194.5 billion), back to levels