Stock exchange traded funds were set for a higher open Wednesday while gold ETFs were also on track to climb as the precious metal’s price rose to a new record.
Gold futures rose to a fresh record high to nearly $1,458 an ounce, WSJ.com reported.
In currency markets, the euro rose to a 15-month high against the dollar on talk the European Central Bank will boost interest rates, the AP reported. CurrencyShares Euro Trust (NYSEArca: FXE) rose roughly 6% in the first quarter. [Euro’s Record First Quarter Buoys Currency ETFs.]
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