New rush to gold « Mining Blog

New rush to gold

9. August 2011,

There’s nothing like a financial panic, and massive drop in equities on global stock exchanges, to stimulate a rush to gold. So, not surprisingly, the SPDR Gold Trust (which I wrote about a couple of days ago) – and the world’s largest gold ETF, on Monday saw its largest one-day gain in more than a year – with its bullion holdings increasing to 1309.93 tonnes by the close of the day’s session (source: Reuters 9 August 2011)..

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