Gold steadies, ETF falls from record

Share This Article
April 17, 2009 10:12am NYSE:GLD

3-16-09-gold-125x125Gold hovered near a one-week low on Friday, pressured by firming equities, while dealers took a drop from a record high in the world’s largest gold-backed exchange-traded fund as a sign investor demand may be receding.

Holdings of New York’s SPDR Gold Trust fell 0.7 percent from the record high it had climbed to on April 9, the biggest decline this year. 

The holdings fell to 1,119.43 metric tons by April 16, down 8.25 metric tons from the previous day. The trust’s holdings have fallen about 1 percent so far in April, versus a rise of roughly 4 percent in the comparable period last month. 

For details, click on: http://www.exchangetradedgold.com/iframes/usa.php

Full Story: http://www.reuters.com/article/hotStocksNews/idUSTRE53G0OO20090417



9 "BUY THE DIP" Growth Stocks For 2020

Read Next



Get Free Updates

Join over 50,000 investors who get the latest news from ETFDailyNews.com!

Most Popular



Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories