ETF Trends
ETF Trends

Gold prices are on the climb again toward that all-important psychological barrier of $1,000 per ounce. Fears of inflation and market uncertainty could continue to push exchange traded funds (ETFs) higher.

The latest run-up in gold prices has two factors:

Tennille Tracey for The Wall Street Journal reports that the price of gold jumped nearly $22 to close at $977 per ounce, its highest close since June 4.

While the U.S. dollar has slipped, one strategist notes that it hasn’t lost enough value to trigger a gold shopping spree. Speculation rests with the possibility that some investors are bracing themselves for a slide in stock prices.

  • SPDR Gold Shares (GLD): up 8.5% year-to-date

  • PowerShares DB Gold (DGL): up 9.8% year-to-date


For more stories about gold, visit our gold category.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.