12.06.2015 - Assets in world's largest gold fund slump 48% to lowest level since financial crisis
Assets in the world's biggest exchange-traded product backed by gold slumped to the lowest since the start of the financial crisis as equities rallied and investors prepared for higher U.S. interest rates. Holdings in the SPDR Gold Trust dropped 0.2% to 704.22 metric tons on Wednesday, the lowest since September 2008. That's the month that Lehman Brothers Holdings Inc. collapsed, spurring a rout across global markets. Since peaking in December 2012, assets have contracted 48%...............................................Full Article: Source
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