May gold futures on Friday rose $7.70, or 0.8%, to $958.50 an ounce on the Comex division of the New York Mercantile Exchange, up 8.5% for 2009.
Be sure to have a strategy in place when you decide to enter into the market, or have an exit strategy ready if you are already invested. At ETF Trends, we follow the 200-day moving average.
- SPDR Gold Shares (GLD): up 8% year-to-date
- PowerShares DB Gold (DGL): up 7% year-to-date
For full disclosure, Tom Lydon’s clients own shares of GLD.