SPDR Raises Its Gold Holdings by 5.13 Tonnes to 1,059.04 Tonnes
SPDR Gold Trust holdings rose by 5.13 tonnes to 1,059.04 tonnes as of October 16, indicating continued demand for the metal through exchange-traded funds.
SPDR Gold Trust holdings rose by 5.13 tonnes to 1,059.04 tonnes as of October 16, according to data reported by Goldian.
These holdings represent the actual amount of physical gold held by the fund on behalf of investors, and its data is published periodically to track demand for the metal via exchange-traded funds.
Holdings were 5.13 tonnes lower on the previous trading day, a difference upon which the fund's daily flow readings rely.
What do these terms mean?
Exchange-Traded Fund (ETF): An investment fund traded on a stock exchange like a stock that tracks the price of an asset such as gold.
Holdings: The actual amount of physical gold owned by the fund on behalf of its investors.
Metric Tonne: A unit of weight equal to 1,000 kilograms, used to measure large gold reserves.
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