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Gold ETFs increase 10.5 t in May

Gold ETFs increase 10.5 t in May

Total holdings in gold-backed exchange-traded funds (ETFs) increased 10.5 t in May to 2 291.9 t or 73.7-million ounces. The value of the holdings remained flat at $93.3-billion in May, when compared with the preceding month, the World Gold Council’s monthly gold-backed ETF holdings update shows.

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