ETFs tracking the evolution of the gold price recorded a negative performance on Monday, March 4th. The negative trend started a few days before can be explained by the lower demand for the precious metal due to the increasing optimism over a potential U.S./China trade deal and the favorable market conditions for equities. The year-to-date performance plunged from +5,24% to +0,61% after this series of daily negatives returns. Similarly, this segment suffered from large outflows during the three last days which penalize its good start to the year. The gold segment counts 40 ETFs, exposed to 12 indices and they gather more than $ 60 Bn of assets under management.