Metals ETFs were set to finish the week strong as gold climbed to a new record high while silver rose above $40 an ounce before Friday’s opening bell.
U.S. Oil Fund (NYSEArca: USO) was poised for a higher open in the U.S. on Friday as crude futures trading on the New York Mercantile Exchange rose above $111 a barrel.
Traders will keep a close eye on iShares MSCI Japan Index Fund (NYSEArca: EWJ) in U.S. trading Friday after the government said the economy is in “severe condition” after the massive earthquake and tsunami.
Airline ETFs have been under pressure recently as energy prices continue to shoot up and a major player grounds some flights.