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.

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