Investor's Business Daily: 2nd Gold ETF To Trade:
"Barclays Capital deposited 15,000 ounces of gold with a custodian for the initial baskets for the gold ETF, according to a regulatory filing.
The ETF is slated to trade on the American Stock Exchange under the symbol 'IAU.'
The ETF's trustee, the Bank of New York, will value the trust's gold on the basis of that day's announced COMEX settlement price for the spot month gold futures contract.
COMEX is the exchange market on gold futures contracts operated by Commodity Exchange, Inc., a subsidiary of New York Mercantile Exchange, Inc."
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