ETFtrends.com Editor Tom Lydon appeared on Yahoo! Finance’s Breakout Thursday morning to discuss key reasons behind the enormous popularity of the SPDR Gold Shares (NYSEArca: GLD) in the inaugural “ETF of the Week” segment.
The largest bullion-backed gold ETF has seen inflows of more than $2 billion the past month to lead all ETFs.
Gold is trading above $1,700 an ounce again with investors looking for more quantitative easing from the Federal Reserve after Ben Bernanke’s Jackson Hole Speech. This week, the European Central Bank expanded its bond-buying program.
Gold has reacted in a bullish fashion to central bank easing measures in recent years in the wake of the financial crisis and ongoing Eurozone debt debacle. Gold should see more volatility next week as the Fed meets.
Watch the Breakout video to see the full interview.
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.