Gold’s recent behavior has frustrated some investors because the metal, a traditional safe haven, has at times fallen with other risky assets such as stocks. [Gold ETFs Pause Near $1,800 an Ounce; Goldman Says Stay Long]
The gold ETF fell below its 50-day simple moving average on Monday.
SPDR Gold Shares (NYSEArca: GLD)
Full disclosure: Tom Lydon’s clients own GLD.