The weekly flows analysis from ETF Securities reveals that gold ETPs saw outflows, after 11 straight weeks of inflows, following the release of September’s FOMC minutes.
Based on federal funds futures contracts, investors measure the chance of a rate rise before the end of the year at 66 per cent, although ETF Securities believes that with continued instability the outlook for gold remains strong.
The firm also writes that iInvestors continue to sell short and but long GBP ETPs, as the pound appears to have reached rock bottom over the last week. Meanwhile, platinum ETPs recorded the largest inflows of the week, as investors see price opportunities relative to gold, the firm says. Investors increased their short positions on UK and German equities, as fears of the impact of a ‘hard brexit’ continued.
