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SPDR Gold Trust holdings fell 0.97 percent to 3-year low

SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.97 percent to 1134.79 tonnes on Wednesday, the lowest level since April 2010.

Gold, usually seen as a so-called safe haven, has failed to capitalise on tensions in the Korean peninsula and has been hit by uncertainty over the U.S. Federal Reserve’s stimulus programme, prompting investors to dump their holdings.

SPDR’s gold holdings stood at 1145.92 tonnes on Tuesday. In terms of ounces, holdings dropped to 36,484,650.02 ounces from 36,842,510.43. – Reuters

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Posted by on Apr 18 2013. Filed under Gold stocks. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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