Gold investments through exchange- traded products dropped $17.9 billion so far this year through April, BlackRock Inc. said.
Outflows continued in April as moderating inflation expectations sent prices plunging, BlackRock said in an e-mailed report today. The total outflow for all commodities in the first four months this year was $17.8 billion, compared with inflows of $6 billion for the same period last year, it said. Gold assets in ETPs stood at $105.7 billion in April, it said.
To contact the editor responsible for this story: Claudia Carpenter at email@example.com