Sales of gold through exchange-traded products probably peaked in April and contributed to a record drop in commodity ETP assets in the second quarter, according to ETF Securities Ltd.
Sales of gold products accounted for 97 percent of a record $19 billion of net outflows from commodity ETPs in the second quarter, ETF Securities said in a report today. Commodity ETP assets fell to $127 billion from $186 billion at the end of March, with price declines accounting for two-thirds of the drop, it said.
