By Glenys Sim
Feb. 20 (Bloomberg) -- Gold holdings in the SPDR Gold Trust, the biggest exchange-traded fund backed by bullion, advanced to a record, according to figures on the company’s Web site.
The fund held 1,028.98 metric tons of bullion as of yesterday, up 0.5 percent from Feb. 18, and a 4.4 percent increase this week. The fund’s holdings are just behind the 1,040 tons held by Switzerland, the sixth-largest stockpile.
The precious metal gained to $980.50 an ounce in the London afternoon fixing yesterday from $964 an ounce on Feb. 18. Gold for immediate delivery was little changed at $973.05 an ounce at 9:39 a.m. in Singapore today.
To contact the reporter on this story: Glenys Sim in Singapore at gsim4@bloomberg.net
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