05
Jul
Gold extends gains as ETF holdings hit record
Filed Under (Bullion, Commodity ETFs, ETF News, ETF Performance) by admin on 05-07-2010
Gold gained on Wednesday, heading for its seventh quarterly rise and its biggest increase since end-2007, after holdings in the world’s largest bullion-backed ETF hit another record as investors rushed for safety from tumbling stock markets.
The Nikkei dropped more than 2 percent after Wall Street tumbled in a sell-off triggered by a wave of rising alarm over the outlook for the global economy. Source
