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
