News of the narrowing deficit could be a positive for EZA, but the ETF may not be sensitive enough to gold on the upside. In July, EZA gained just 1.7% while the SPDR Gold Shares (NYSEArca: GLD) climbed 5.6%.

iShares MSCI South Africa ETF


ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.