Top ETF Gold Holding Up 15 Percent in Last Week
Source: Reuters (7/7/08)
ETF Securities said on Monday the amount of bullion backing its Physical Gold exchange-traded fund PHAU.L rose 15 percent last week to a record 1.459 million ounces.
The rise reflected gains across its physically backed precious metal exchange-traded commodities, with its platinum and palladium ETFs extending last week's gains to new records and silver holdings rising by 1 percent.
The fund's Physical Platinum ETF PHPT.L holdings rose 3.5 percent to 407,000 ounces, a new all-time high, while its Physical Palladium ETF PHPD.L grew by 6.5 percent to a record 247,000 ounces. Bullion holdings of its Physical Silver ETF PHAG.L grew to 9.527 million ounces, up 1 percent week-on-week.