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New York SPDR Gold Trust gold holdings rise 30 tons

September 23, 2008 15:30
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The world's largest gold-backed exchange-traded fund, New York's SPDR Gold Trust, said its gold holdings rose 30.2 tonnes or 4.4 percent to a record 709.62 tonnes on September 22.

The trust, which issues securities backed by gold, has seen its holdings rise 15.5 percent in the week to Monday as the unfolding financial crisis has spurred safe-haven buying of gold.

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