Gold ETFs can weather latest turmoil as speculative selling eases, say providers

goldbubbles

The number of shares held by investors within the SPDR Gold Trust ETF [exchange-traded fund] took a dive following the sharp fall in the price of gold in the middle of April, but other ETF providers have reported positive performance since the fall and say long-term investors have not been panicked into selling their gold holdings. The price of gold plummeted 15% to a low of $1,322 an ounce on April 15 and the number of shares outstanding in the SPDR Gold Trust ETF fell from around 450 million a

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