Gold trade group rings world with bullion-backed ETFs

08/7/2008 | Gulf Times (Qatar)

The gold industry's trade group plans to launch the last of its series of gold exchange-traded funds on the world's major exchanges, with a fund opening in Dubai in the fourth quarter. "After Dubai, I would say there are no gaps" in availability of gold ETFs, World Gold Council CEO James Burton said. The ETFs are backed by physical gold, which increases demand for bullion. Investors gain exposure to gold prices without having to store and protect it.

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Gulf Times (Qatar)

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