Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
Exchange traded funds holding the beleaguered bullion surged late last week on dovish Fed signals. With an imminent rate hike all but ruled out, the largest ETF tracking the yellow metal, SDPR Gold Shares (GLD), popped 2% in Wednesday trade. It's risen further since. "The biggest thing that impacts gold in dollar terms is interest rates," says gold expert Frank Holmes, CEO of U.S. Global Investors. Any upward or downward shift in rates ripples
Exchange traded funds holding the beleaguered bullion surged late last week on dovish Fed signals. With an imminent rate hike all but ruled out, the largest ETF tracking the yellow metal, SDPR Gold Shares (GLD), popped 2% in Wednesday trade. It's risen further since. "The biggest thing that impacts gold in dollar terms is interest rates," says gold expert Frank Holmes, CEO of U.S. Global Investors. Any upward or downward shift in rates ripples
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