• Most Popular
  • Most Shared

SPDR Gold Trust says bullion holdings slip 2 pct from record

Mon Oct 6, 2008 3:32am EDT

Stocks

   

LONDON, Oct 6 (Reuters) - The world's largest gold-backed exchange-traded fund, the SPDR Gold Trust (GLD), said its bullion holdings slipped on Oct 3 by 15.31 tonnes or 2 percent to 739.95 tonnes.

The trust, which issues securities backed by physical stocks of gold, said on its Web site that its holdings reaced a record above 755 tonnes last week as risk aversion fuelled interest in bullion.

(Reporting by Jan Harvey; Editing by Peter Blackburn)



More from Reuters

Photo

Obama blames "systemic failures" in U.S. security

KANEOHE, Hawaii (Reuters) - President Barack Obama Tuesday blamed a combination of "human and systemic failures" for allowing the botched Christmas Day attack aboard a Detroit-bound U.S. airliner, in his first big test on homeland security. | Video

» More Top News
Leaves gather in front of an empty and boarded-up house in Youngstown, Ohio November 21, 2009. REUTERS/Brian Snyder

Castles built on sand

Rust-belt American cities like Youngstown, Ohio were battered by the downturn. Now they're ready to move on, but it won’t be easy. The first in a three-part report.  Full Article 

Route to Recovery
REUTERS/James Saft
JAMES SAFT:

Welcome to the "Teenies"

Shrinking financial sector? Paltry investment returns? Welcome to the the next decade. Don't worry, there's some good news, too.  Commentary 

COMMENTARY