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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Tags: SPDR Gold Trust