$5.2 Billion Gold Deposit Found: Look at GLD, SPY, DGL, IAU
By Market News Video Staff, Wednesday, November 3, 8:40 AM ET
A gold deposit worth $5.2 billion was reportedly found in China’s Inner Mongolia region, according to the Xinhua news agency.
The deposit, with 100 tonnes of proven reserves, is the largest gold deposit in the region.
A check of the yellow metal: Gold is trading higher today, while the SPDR Gold Shares (AMEX:GLD) trades is down .05% in premarket. The iShares Gold Trust (AMEX:IAU) is trading up 0.15%, and the DB Gold Fund (AMEX:DGL) trades up 0.23% Wednesday.
This Article's Word Cloud:AMEXChinaFundGoldInnerMongoliaSPDRSharesTrustWednesdayXinhuaaccordingagencybillioncheckdepositdownfoundgoldhigheriShareslargestmetalnewspremarketprovenregionreportedlyreservestodaytonnestradestradingwhilewithworthyellow
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.