(Bloomberg) -- Investors just keep bailing on gold.

In December, $2.27 billion was pulled out of SPDR Gold Shares, the world’s largest ETF backed by the metal. That was a third straight monthly loss and the biggest since May 2013. Money managers have also turned less bullish on bullion, cutting their net-long positions for a seventh straight week to the smallest since February, U.S. government data showed Friday.

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