SPDR Gold Shares

Selling drops world’s biggest Gold ETF to 2008 level

A dreadful year for gold just got worse. During bullion’s extended bull run, the price relied heavily on accumulation of the metal by Gold ETFs. That trend is now in reverse with sales taking the world’s biggest ETF back to levels last reached in 2008.

Flight to safety keeps gold near one-month high

Gold retained sharp overnight gains on Thursday to trade near its highest in over a month, with investors seeking safety amid increasing concerns over a slump in the global economy.

Gold retains sharp losses, trades near 4-week low

By A. Ananthalakshmi SINGAPORE (Reuters) – Gold was trading near its lowest level in almost four weeks on Tuesday, struggling to get past sharp overnight losses triggered by profit-taking and stronger global equities that dented the metal’s safe-haven appeal. Spot gold had ticked up slightly to $1,308.90 an ounce by 0637 GMT, after sliding more than … Read more

Paulson’s SEC filings shows he’s still bullish on gold

By Frank Tang NEW YORK, Feb 14 (Reuters) – Hedge fund Paulson & Co maintained its stake in the world’s biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the fourth quarter, even as others exited when bullion prices posted their biggest annual loss in 32 years. Well-known manager George Soros bought shares in Barrick Gold Corp, one of the … Read more

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