Economics
Gold Holdings in World’s Top ETP Reach Lowest Since 2008
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Investors are shunning gold again, sending holdings in the world’s largest exchange-traded product backed by bullion to the lowest since December 2008.
Assets in the SPDR Gold Trust, which counts billionaire John Paulson as its biggest holder, dropped to 780.19 metric tons yesterday, as about $2.6 billion was wiped from the value of the fund in the past two months.