Gold And ETFs Are Shining

Strong energy prices, geo-political tensions and weakness in the dollar are all supporting gold prices and exchange traded funds (ETFs). The Economic Times reports that a firming trend in international markets, also boosted the trading sentiment somewhat. Gold in Asia rose on speculations about the U.S. inflation concerns, since the precious metal is considered a safe haven for investors.

Gold ETFs to look into:

• streetTRACKS Gold Shares (GLD), up 22.9% year to date
• Market Vectors Gold-Miners (GDX), up 16.2% year to date