SPDR Gold Trust Holdings Decline for First Time Since March 23

By Glenys Sim

April 6 (Bloomberg) -- Gold holdings in the SPDR Gold Trust, the biggest exchange-traded fund backed by bullion, dropped for the first time since March 23, according to figures on the company’s Web site.

The fund held 1,127.37 metric tons of bullion as of April 3, 0.07 tons lower than April 2. Asset levels had been unchanged at 1,127.44 tons for four days.

The precious metal rose to $905 an ounce in the London afternoon fixing April 3 from $897.75 an ounce on April 2. Gold for immediate delivery was down 0.3 percent at $890.54 an ounce at 7:43 a.m. today in Singapore.

To contact the reporter on this story: Glenys Sim in Singapore at gsim4@bloomberg.net