BLBG: SPDR Gold Trust Holdings Decline for First Time Since April 3
Gold holdings in the SPDR Gold Trust, the biggest exchange-traded fund backed by bullion, dropped for the first time since April 3, according to figures on the company’s Web site.
The fund held 1,119.43 metric tons of bullion as of yesterday, 0.7 percent lower than April 15. Asset levels had been unchanged at 1,127.68 tons for four days.
The precious metal fell to $880.50 an ounce in the London afternoon fixing yesterday from $891 an ounce on April 15. Gold for immediate delivery was down 0.2 percent at $873.85 an ounce at 9:18 a.m. today in Singapore.
