• Most Popular
  • Most Shared

SPDR Gold Shares holdings rise to record at 755.26T

Tue Sep 30, 2008 9:35pm EDT

Stocks

    
 SINGAPORE, Oct 1 (Reuters) - The world's largest
gold-backed exchange-traded fund, the SPDR Gold Trust (GLD),
said its holdings rose 4.2 percent on Wednesday to a record
755.26 tonnes from 724.63 tonnes as of Sept. 30.
 The trust has seen its holdings rise more than 20 percent
since Lehman Brothers filed for bankruptcy protection on Sept
15. XAUEXT-NYS-TT.
 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 Lewa Pardomuan; Editing by Louise Heavens)



More from Reuters

Photo

Dubai World says to work with creditors in orderly way

DUBAI (Reuters) - Dubai World, which met its creditors on Monday, said it would work with lenders to seek a debt standstill in "an orderly way" and will get government financial support if an agreement is reached.

» More Top News
A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

U.S.
Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review