Economics
Remember Lehman? Top Gold ETP Back to Level After Failure
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Gold bears are betting that the rout in the metal isn’t over, sending assets in the biggest bullion-backed fund to the lowest since the month that Lehman Brothers Holdings Inc. collapsed.
Holdings in the SPDR Gold Trust slid 0.3 percent yesterday to 738.8 metric tons, the lowest since September 2008. Oil’s tumble into a bear market and the Federal Reserve’s exit from bond buying have cut the appeal of bullion as a hedge against rising consumer costs.