world's largest bullion-backed ETF hit another record as investors
sought safety from tumbling stock markets.
Spot gold rose US$4.55 to US$1,242.55 (RM4,063.14) an ounce by 0101 GMT
after volatile trade on Tuesday, when it dropped toward US$1,220 before
bouncing to around US$1,241. Gold struck a record above US$1,264 an
ounce last week.
US gold futures for August delivery were steady at US$1,243.4 an ounce.
The world's largest gold-backed exchange-traded fund, SPDR Gold Trust
said its holdings rose to a record 1,320.436 tonnes by June 29 from
1,316.177 tonnes on June 24. - Reuters