Holdings in gold-backed exchange-traded products fell below 2,000 metric tons for the first time since May 2010 after bullion slumped on expectations the Federal Reserve will taper stimulus measures.
Assets declined 24 percent this year to 1,993.76 tons, heading for the first annual drop since the products were introduced in 2003, and wiping $61 billion from their value, according to data compiled by Bloomberg. Holdings reached a record 2,632.52 tons in December as gold climbed for a 12th year, the data show.
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