CLI adds gold fund to investment bonds platform

Listed on the SIX Swiss Exchange, the fund invests exclusively in physical gold, primarily in 400 ounce bars, stored in Switzerland and benefits from daily liquidity. The fund is currency-hedged against foreign exchange risks in relation to the US dollar, the currency in which gold is traded. It is currently invested in $1.5bn of gold. The price of gold has risen steadily since early 2000. After hitting a low of $253 an ounce in August 1999, gold breached the $1,000 mark for the first time in March 2008. However, bullion is now well below that high following the most recent corre...