Gold futures rose to a record settlement on Tuesday, Bloomberg reported. “With the currency volatility and the debt-contagion risk in Europe, investors are gravitating toward something tangible like gold,” said Adam Klopfenstein, a senior strategist at Lind-Waldock, according to the report.
“Although the gold price has performed well recently, gold futures speculative net long positions have remained low, highlighting limited futures investor participation in the rally,” the ETF Securities analysts added.
iShares Gold Trust (NYSEArca: IAU)
Chart source: StockCharts.com.
ETFS Physical Swiss Gold Shares (NYSEArca: SGOL)
SPDR Gold Shares (NYSEArca: GLD)
Full disclosure: Tom Lydon’s clients own GLD.