Established in 2004, World Gold Trust Services is sponsor to SPDR Gold Trust, Exchange Traded Fund (ETF) whose shares are traded as SPDR Gold Shares (“GLD”) on the New York Stock Exchange, in addition to exchanges in Singapore, Tokyo, Hong Kong and Mexico.
The London-based World Gold Council said Friday that it had drafted framework standards against gold that enables, fuels or finances armed conflict. Officials asked interested parties to review the draft and provide feedback by Sept. 1.
Gold and silver prices reached new record highs of $1,430.95/oz and 30 year highs of $30.68/oz respectively yesterday. It is important to remember that these are nominal highs of more than 30 years ago.