Gold Biggest ETP Erases 2014’s Gain
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Gold investors are once again pulling money out of the the world’s biggest exchange-traded fund backed by the metal.
Assets in the SPDR Gold Trust, which counts billionaire John Paulson as its largest holder, fell 0.5 percent this week, the most since mid-June and erasing this year’s gain. Open interest in Comex futures and options is at a five-year low. Prices slid 0.1 percent in New York today.