LONDON, 4 May 2016 – Analysis from BullionVault is quoted today by investor website ETF Trends, in a report syndicated to leading news-sites.
Looking at this year's switch in gold investing trends, editor Tom Lydon says that the world's largest exchange-traded gold-backed trust – widely known as the GLD – "added almost 21 tonnes to the metal backing its shares Monday," citing BullionVault's latest market report.
Taking the trust's holdings to 825 tonnes, "the largest size since mid-December 2013," that means "the world's largest gold-backed trust fund yesterday expanded at the fastest 1-day pace since gold prices shot towards their all-time peak in August 2011."
"When the price of gold first pushed up through $1300 per ounce in September 2010," ETF Trends concludes, again quoting BullionVault's analysis, "the GLD ETF held 60% more gold than today."
You can read the report, syndicated to Nasdaq.com as well as Finance Yahoo, on ETF Trends here:
