By Glenys Sim
April 24 (Bloomberg) -- Gold holdings in the SPDR Gold Trust, the biggest exchange-traded fund backed by bullion, dropped for the first time since April 17, according to figures on the company’s Web site.
The fund held 1,104.45 metric tons of bullion as of yesterday, 1.53 tons lower than on April 22. Asset levels had been unchanged at 1,105.98 tons for four days.
The precious metal rose to $897.50 an ounce in the London afternoon fixing yesterday from $886 an ounce on April 22. Gold for immediate delivery gained 0.2 percent to $906.95 an ounce at 8:29 a.m. today in Singapore.
To contact the reporter on this story: Glenys Sim in Singapore at gsim4@bloomberg.net
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