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ETF Securities Gold, Platinum Holdings Hit Record

Written By Luke Burgess

Posted June 30, 2008



ETF Securities Ltd. reported its holdings of gold and platinum rose to record highs in the week to June 29, while its palladium holdings increased 11%.

The fund, which issues exchange-traded securities backed by stocks of precious metals, said the amount of metal held for its physical gold ETF rose to a record 1.266 million ounces by June 29, against 1.194 million ounces the previous week.

Holdings for its physical platinum ETF climbed 8% to 394,000 ounces in the same period, up from 365,000 ounces in the week to June 22.

Its physical palladium ETF grew by 11% to 232,000 ounces from 208,000 ounces a week before, its highest since March 12, the fund said.

Holdings in its physical silver ETF were unchanged at 9.4 million ounces.

– luke