Gold declines on ETF withdrawals, falling commodities
World BusinessMay 9, 2013
Gold fell after the biggest advance in almost two weeks as SPDR Gold Trust holdings extended the longest streak of declines and other commodities dropped after China’s producer prices retreated more than forecast.Holdings in the world’s largest exchange-traded fund fell 0.6 percent to 1,051.47 metric tons yesterday, the 22nd day of declines and the lowest since March 2009, according to figures on the company’s website. Bullion climbed 1.5 percent yesterday, the most since April 25, on signs of i