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Within 5 Tonnes of a New Record at GLD
Posted on July 04, 2008
The SPDR Gold Shares ETF (GLD) continues to add to its holdings (see the company's website for details). As of Wednesday, the tonnes in the trust for the world's most popular gold ETF increased to 659 tonnes, just short of the record set in March. The trust now has a net asset value of over $21 billion with average trading volume in excess of 10 million shares per day and has attracted an increasing number of investors in recent weeks. Relative to many other commodities, the gold price has lagged this year. In fact, with an 11 percent year-to-date gain, the yellow metal is 6th from the botto...
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