3 Gold Shares Rising Strongly
Wednesday, April 3, 2013 3:50
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LONDON — The price of gold traded in a narrow range last week, with gold for June delivery falling just 0.8% to end the week at $1,597 per ounce. In U.S. trading on Monday, gold rose to $1,599 per ounce.
Of course, the only practical way for most private investors to invest in gold is through exchange-traded funds. The largest gold ETF, the $63 billion SPDR Gold Trust (NYSEMKT: GLD) , slipped 0.6% to close at $154.67 yesterday, while London-listed Gold Bullion Securities (LSE: GBS) fell 0.8% to $153.88 last week. So far this year, shareholders of Gold Bullion Securities have seen the value of their holdings fall by 4.1%, while the value of SPDR Gold Trust shares has fallen by 4.5%.
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