Gold News

Gold holdings in the SPDR Gold Trust, the biggest exchange- traded fund backed by bullion, were unchanged at a record 1,134.03 metric tons yesterday

Gold gains on a weak dollar as investors seek a safe haven

Gold holdings in the SPDR Gold Trust, the biggest exchange- traded fund backed by bullion, were unchanged at a record 1,134.03 metric tons yesterday

Gold advanced for a second day as dollar weakness increased the metal’s appeal as an alternative to U.S. currency-denominated assets. Bullion extended yesterday’s gain after the dollar dropped to the lowest since Dec. 18 against a basket of six major currencies. Gold holdings in the SPDR Gold Trust, the biggest exchange- traded fund backed by bullion, were unchanged at a record 1,134.03 metric tons yesterday. The fund’s holdings have increased 45 percent this year. Gold is trading at $985 as of 9:20am, London time. Gold’s Pool-Position is 51% Long, meaning just over half of Finotec traders are buying the precious metal.

Derivative and forex trading broker Finotec is a division of leading real-time Internet trading company Finotec Trading Inc, which pioneered the world of online forex trading in 1998. After launching our revolutionary forex online trading platform in 2001, we continued to improve our services and now serve clients of all sizes in many locations worldwide, offering them real-time Internet trading not only in currencies, but also in options, commodities,... More