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Thursday, April 8, 2010

SPDR Gold (NYSEArca:GLD) Record Bullion Holdings

SPDR Gold Trust

Gold bullion held by SPDR Gold Trust (NYSEArca:GLD) has reached record levels, as the exchange-traded fund added 9.7 metric tons of gold to its reserves, the highest ever held by the ETF.

Holding as of Thursday for SPDR stand at 1,140.43 tons after adding the physical gold to their holdings.

The increase in gold was the largest addition in over six months, and represented an increase of 0.9 percent.

SPDR said their net asset value stands at $42.09 billion.

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