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Julius Baer sees gold ETF holdings at new record

Posted on 29 May 2009

From Reuters: Swiss bank Julius Baer sees holdings of its gold-backed exchange-traded fund rising 106,000 ounces or 7 percent in the week to May 29, it said in a weekly statement.

The amount of gold the fund holds to back its exchange-traded securities was at a record 1.493 ounces on Wednesday. By Friday, the bank expects these holdings to have risen to 1.599 million ounces, it said…….Full Article: Source


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