Net outflows from gold exchange-traded products were $2.6 billion in July, down from $4.3 billion a month earlier. According to BlackRock, modest inflation has continued to lessen the appeal of the metal's attractiveness to serve as an inflation hedge. Through the first seven months of the year, investors have fled gold ETPs to the tune of $30.9 billion. Total gold ETP assets stood at $83.7 billion at the end of July, representing 3.9% of total ETP assets.
BlackRock: 2013 gold ETP outflows top $30 billion through July
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