SPDR Gold Shares holdings rise to record 724.94 T
LONDON, Sept 24 |
LONDON, Sept 24 (Reuters) - The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust (GLD), said its gold holdings rose another 2 percent on Sept 23 to a record 724.94 tonnes.
The trust has seen its holdings increase by 18 percent or more than 100 tonnes since Lehman Brothers filed for bankruptcy protection on Sept 15.
Buying of gold for ETFs, which issue securities backed by physical stocks of a commodity, has been a major source of demand for the precious metal in recent years.
(Reporting by Jan Harvey; Editing by William Hardy)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters