Global physically backed gold ETFs reported a net loss for the first time in six months

New Delhi [India], December 6 (ANI): In November, global physically backed gold exchange-traded funds (ETFs) recorded net outflows of USD 2.1 billion, marking the first decline in six months.

According to the World Gold Council, this was the largest single-month outflow since April, leading to a 4 per cent drop in total assets under management (AUM) to USD 274 billion.

Collective holdings fell by 29 tonnes (t) to 3,215t d