New Gold ETF down 14% ytd

The New Gold Exchange Traded Fund (ETF) is down 14 percent year-to-date, on the back of the decline in Gold prices. New Gold has traded a total of 16,058 units on the Nigerian Stock Exchange (valued at cN38m) year-to-date. Closing the week ended April 19, 2013, at N2,185.00, the gold-backed ETF has shed N349.00 from…

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