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Gold Rally Spurs a Boom in Funds

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GOLD PAPER CHASE
Investors have been pouring cash into gold exchange-traded funds, the Wall Street Journal says. SPDR Gold Shares (GLD), an ETF that holds more gold than many nations have in their reserves, has seen assets climb toward $35 billion, just shy of a record set in June, the newspaper said. Meanwhile, other vehicles are now hitting the market. "ETF Securities Ltd. launched the ETFS Physical Swiss Gold Shares (SGOL) on the NYSE Arca exchange. Shares represent a 10th of an ounce of gold bars stored in Zurich."

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