Outflows continue from the SPDR Gold Shares ETF (GLD), with investors yanking about $250M out...

|About: SPDR Gold Trust ETF (GLD)|By:, SA News Editor

Outflows continue from the SPDR Gold Shares ETF (GLD), with investors yanking about $250M out during the week ended June 3. The fund has $45B AUM now compared to $72B at the year's start. In China, regulators have approved the launch of its first gold bullion ETFs. Physical gold demand in Asia is booming this year even as investor demand evaporates. The yellow metal's off 1.1% to $1,371/ounce.