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To: Goose94 who wrote (18532)5/18/2016 8:30:13 AM
From: Goose94Read Replies (1) | Respond to of 203376
 
ETF Gold Holdings Highest Since December 2013

Gold holdings of global exchange-traded funds have been rising in May and hit the highest level in more than two years, points out Commerzbank. “Their holdings were topped up by a further 3.9 tonnes yesterday, putting inflows since the beginning of the month at a total of 66 tonnes now,” the bank says. “Currently, holdings in the gold ETFs tracked by Bloomberg are at their highest level since December 2013.” Gold ETFs trade like a stock but track the price of the metal, with gold put into storage to back the shares.