The largest gold ETF briefly hit a 52-week low before closing at the top of its trading range Wednesday. Gold prices sank to an eight-month low after the Federal Reserve signaled it's on track to raise interest rates by year-end. The outlook for the precious metal isn't all grim. The second half of the year is typically a stronger season for the metal, as gold fabricators return to the market to replenish supplies, said RalphAldis, a portfolio
Wednesday 15 July 2015
Gold ETF Slips As Fed Rate Worries Spook Investors
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
The largest gold ETF briefly hit a 52-week low before closing at the top of its trading range Wednesday. Gold prices sank to an eight-month low after the Federal Reserve signaled it's on track to raise interest rates by year-end. The outlook for the precious metal isn't all grim. The second half of the year is typically a stronger season for the metal, as gold fabricators return to the market to replenish supplies, said RalphAldis, a portfolio
The largest gold ETF briefly hit a 52-week low before closing at the top of its trading range Wednesday. Gold prices sank to an eight-month low after the Federal Reserve signaled it's on track to raise interest rates by year-end. The outlook for the precious metal isn't all grim. The second half of the year is typically a stronger season for the metal, as gold fabricators return to the market to replenish supplies, said RalphAldis, a portfolio
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