Gold got slammed in trading Monday, tumbling below $1,100 an ounce before recovering a bit, and ETFs tracking the metal and its miners followed suit. Speculators in Shanghai reportedly drove the big sell-off, causing $25.35 billion SPDR Gold Shares (GLD) to gap down 2.6% to 106.02 -- its lowest level in almost five years. IShares MSCI Global Gold Miners (RING) and Market Vectors Gold Miners (GDX) tumbled more than 8% each, making them the
Monday 20 July 2015
Gold Miner ETFs Sink But Some See Positive Activity
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
Gold got slammed in trading Monday, tumbling below $1,100 an ounce before recovering a bit, and ETFs tracking the metal and its miners followed suit. Speculators in Shanghai reportedly drove the big sell-off, causing $25.35 billion SPDR Gold Shares (GLD) to gap down 2.6% to 106.02 -- its lowest level in almost five years. IShares MSCI Global Gold Miners (RING) and Market Vectors Gold Miners (GDX) tumbled more than 8% each, making them the
Gold got slammed in trading Monday, tumbling below $1,100 an ounce before recovering a bit, and ETFs tracking the metal and its miners followed suit. Speculators in Shanghai reportedly drove the big sell-off, causing $25.35 billion SPDR Gold Shares (GLD) to gap down 2.6% to 106.02 -- its lowest level in almost five years. IShares MSCI Global Gold Miners (RING) and Market Vectors Gold Miners (GDX) tumbled more than 8% each, making them the
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