Saturday, May 8, 2010

SPDR Gold Trust (NYSEArca:GLD) Ton Record

The SPDR Gold Trust (NYSEArca:GLD) has the highest metric tons of gold assets held by the fund, as the ETF increased its metric tons by 19.78 to 1,185.79 tons, according to their Web site.

This is the highest monthly increase since February 2009.

SPDR, backed by gold bullion, is the sixth-largest holder of physical gold in the world.

Range over the last year for SPDR have been from 88.82 - 119.54.

Safe haven continues to be the story for gold and gold prices, as equities continue to fall out of favor.

Gold price today are at $1,208.00 when I last looked.

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