db X-trackers, the exchange-traded product arm of Deutsche Bank, is closing 36 exchange-traded products, citing a lack of demand as gold and commodity funds are hit by outflows.

The ETP issuer said today it is closing and de-listing 18 exchange-traded funds and 18 exchange-traded commodity products across Europe, after they generated "sustainably low levels of interest", according to Manooj Mistry, Deutsche Asset & Wealth Management head of ETPs for Europe, the Middle East and Africa.