Gold ETNs falls below 2,000 tonnes

[miningmx.com] – HOLDINGS in gold-backed exchange traded products (ETNs) fell below 2,000 tonnes for the first time since May 2010, according to data compiled by Bloomberg News.

Gold holdings in ETNs fell 24% or 638.2 tonnes this year to 1,993.76 tonnes equal to $61bn in value, Bloomberg News said.

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