SPDR Gold Trust (GLD) marks its tenth anniversary today in possession of about $27 billion in gold, down $50 billion from its peak in August 2011. Gold prices are trading around $1,183 an ounce, near four-year lows. The prospect of rising interest rates in the U.S. and U.K., along with the global economy’s recovery from the 2008 crisis, have dulled gold’s allure. (Source: Wall Street Journal)
Uploaded by Adam C. Nicolai, esq.
November 18, 2014