Gold enjoyed a sparkling start to trading on Monday, hitting a record $914 a troy ounce, but its performance dulled later in the week as investors started to withdraw from gold exchange-traded funds.
The outflows were substantial with 22.7 tonnes leaving streetTRACKS, the largest gold ETF this week. On Thursday, streetTRACKS saw a record one-day outflow of 21 tonnes, equivalent to a month of gold production in China, now the world's largest producer.
