Investors Pull $14 Billion from Gold ETF as Bull Market in Doubt
May 06, 2013 at 13:30 PM EDT
Investors have redeemed $14 billion from the world’s largest gold ETF so far this year on fears the 12-year bull market in gold has ended. SPDR Gold Shares (NYSEArca: GLD) is down about 15% for the trailing six months. The ETF currently holds about 1,066 metric tons of gold valued at $50.3 billion,...