Gold ETFs Hold Record Amounts of Bullion
February 16, 2009 by PreciousMetalInvestment.com
Filed under Bullion
It is estimated that by the end of last week Gold traded ETFs had increased their bullion holdings to a record of almost 1400 tonnes while sales of gold coins by the US Mint is running at double that of a year ago.
Morning trading in Asian markets saw gold under some selling pressure with traders pushing the price below $938 an ounce but Europe’s opening quickly saw the price back above $940 an ounce. Read more



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