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Investors sell out of biggest gold trust

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Investors in the world's biggest exchange-traded product backed by bullion sold the most gold in 18 months as the US economic recovery cut demand for a haven.

New York

INVESTORS in the world's biggest exchange-traded product backed by bullion sold the most gold in 18 months as the US economic recovery cut demand for a haven. Holdings in the SPDR Gold Trust fell 1.6 per cent on Tuesday to 712.9 metric tonnes, the biggest drop since June 2013.

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