Paulson Slashes Gold ETF Holdings but Maintains Positive Outlook

Precious Metals

Reuters reported that Paulson & Co. significantly cut holdings of the SPDR Gold Trust during the fourth quarter.

Reuters reported that Paulson & Co. significantly cut holdings of the SPDR Gold Trust during the fourth quarter.

As quoted in the market news:

The reduction is equivalent to about 330,000 ounces of gold, worth almost $600 million based on current prices.

Click here to read the full Reuters report.

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