Commerzbank: ETFs Post Platinum, Palladium Outflows During August

Thursday September 1, 2016 09:02

Global platinum exchange-traded funds posted their fourth consecutive monthly outflow during August, this time by 29,000 ounces, Commerzbank says. Palladium ETFs posted a monthly outflow of 119,000 ounces, their highest so far this year. “Since the beginning of the year, ETF holdings in platinum and palladium have been reduced by 119,000 and 264,000 ounces, respectively,” the bank says. “Both precious metals already saw substantial ETF outflows last year.”