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Commodities Briefing - Categorized | Bullion/Gold, ETFs / ETCs more

Gold extends losses, ETF holdings at new record

Posted on 03 February 2009

From Reuters: Gold extended losses on Tuesday, having posted its biggest daily percentage fall in three weeks the previous day on profit taking, but record exchange traded fund holdings still boosted sentiment.

The world’s largest gold-backed exchange-traded fund, the SPDR Gold Trust GLD, said it held arecord of 853.37 tonnes of gold as of Feb. 2, up 9.78 tonnes fromJan. 29….. Full Article: Source


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