Moreover, the industry group noted that investors were still hoarding gold at historically high levels and that the third quarter results looked weaker only because they were compared with “extraordinary levels of demand” last year – gold prices hit a record $1,921.15 an ounce on Sept. 6, 2011. [Gold ETF Metal Holdings Rise on Investment Demand]
India, the world’s largest gold consumer, saw demand increase 8% to 223.1 tons. [Gold ETFs and Diwali]
Other gold ETFs include:
- iShares COMEX Gold Trust ETF (NYSEArca: IAU)
- ETFS Physical Swiss Gold Shares ETF (NYSEArca: SGOL)
- Powershares DB Gold Fund ETF (NYSEArca: DGL)
- ETFS Physical Asian Gold Shares ETF (NYSEArca: AGOL)
For more information on gold, visit our gold category.
Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own GLD.