ETF Trends
ETF Trends

Exchange traded funds indexed to gold and silver prices were poised to open higher Tuesday after trading lower in recent sessions on deflation concerns.

In premarket trading, SPDR Gold Shares (NYSEArca: GLD) added 0.9% while iShares Silver Trust (NYSEArca: SLV) rose 2.3%.

Gold prices climbed back above $1,600 an ounce but is on track for its first quarterly pullback since 2008.

In currencies, the euro strengthened after the European Central Bank was seen supporting bond markets through the International Monetary Fund.

“Gold is gaining in line with risk-buying on the back of the IMF news,” said Nikos Kavalis, an analyst at Royal Bank of Scotland Group, in a Bloomberg report. “There has been some recovery in physical buying but nothing to write home about yet.”

Here’s a look at the top ETF stories making the rounds online this morning:

Shameless plugs:

SPDR Gold Shares

Full disclosure: Tom Lydon’s clients own GLD and SLV.

The opinions and forecasts expressed herein are solely those of John Spence, 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.