Gold funds suffered a major outflow of cash this year. Net outflows totalled US$1.2bn since the start of the year through Apr 10, the most since 2011 (EPFR Global). At the same time, global equity funds recorded net inflows of US$21.25bn.
· SPDR gold holdings continued to slide and totalled 1,146t (36,843koz) valued at US$50.827bn from 1,154t (37,113koz) yesterday.
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