Tag: risks-stemming

SPDR Gold ETF (GLD) Continues To Add Record Holdings | Daily Markets

Filed in African Gold, Debt, gld, Gold by on May 9, 2010 0 Comments

“Gold rallied on Friday to near a record high, posting its biggest three-week gain since November as investors cut exposure to risks stemming from Greece’s debt crisis and tumbling global stock markets. … The investment ETF (NYSE: GLD) seeks to replicate the performance, net of expenses, of the price of gold bullion . The trust holds gold, and is expected to issue baskets in exchange for deposits of gold, and to distribute gold in connection with redemption of baskets. …

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