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
El Rhazi Otmane ETF. An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks.
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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