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The gold ETF saw a net outflow of 1.3 billion dollars this Wednesday, marking the third largest outflow in history.
BlockBeats news, on April 27, according to The Kobeissi Letter, the gold ETF GLD saw an outflow of $1.3 billion on Wednesday, marking the third largest outflow on record. The fund recorded a daily inflow of about $1.9 billion last week. Therefore, according to Goldman Sachs, GLD became the third largest ETF by volume on Wednesday. Meanwhile, the gold miner ETF GDX experienced an outflow of $200 million, the largest single-day outflow in the past 12 months. At the same time, gold prices fell 2.7% on Wednesday, marking the second largest drop of the year.