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