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Paulson holds stake steady in gold investments in fourth quarter of 2017: filing [Reuters]

ANGLOGOLD (AU)  More Company Research Source: Reuters
US:NYSE Investor Relations: anglogoldashanti.com/investors/presentations
PDF Paulson holds stake steady in gold investments in fourth quarter of 2017: filing | Reuters 3 Min Read NEW YORK (Reuters) - New York-based Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the fourth quarter of 2017, while other heavyweights including Soros Fund Management LLC, Jana Partners LLC and Caxton Corp all remained unexposed to the metal. The timing for Paulson appeared prescient given that during the last three months of the year, gold prices climbed on the back of a weak U.S. dollar, geopolitical tension and mixed expectations of the path of U.S. interest rate increases. Paulson & Co kept its stake in SPDR Gold Trust at 4.36 million shares during the fourth quarter of 2017, though the value rose to $539.1 million, up from $530 million in the third quarter, a U.S. Securities and Exchange Commission filing showed on Wednesday. SPDR Gold Trust is the world’s biggest gold exchange-traded fund. Paulson also left stakes unchanged in mi [Read more]

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