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Paulson, Soros upped gold holdings last quarter

MarketWatch – Hedge-fund managers John Paulson and George Soros boosted their gold holdings during the second quarter, a sign that some high-profile investors were still banking on higher prices for the precious metal despite its lackluster performance this year.

John Paulson’s Paulson & Co. Inc. raised its stake in SPDR Gold Shares GLD +0.60% , the world’s largest exchange-traded gold fund, by 26% during the three months ended June 30. Paulson & Co. held 21.8 million shares, valued at $3.3 billion at the end of June, according to a quarterly securities filing released late Tuesday.

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