Here's another sign that investors are getting tetchy about the performance of precious metals such as gold.
According to Bank of America Merrill Lynch's weekly flows report, investors yanked $1 billion from precious metals funds in the week to Nov. 25, the chunkiest outflow in 17 weeks. Data this week were based on four days of fund flows as opposed to the normal five due to Thanksgiving holiday, the bank said.
Precious metal funds typically focus investments in companies that mine, explore or deal in gold and other metals such as silver and platinum, the prices of which have been under the cosh recently.
Gold is currently trading at $1,072 an ounce, near its lowest level since February 2010. Platinum, meanwhile, is close to a seven-year trough at $852 an ounce.