“Gold’s negative price reaction to the possibility of a December Fed tapering indicates that the bullion market is likely to remain sensitive to expectations for changes in monetary policy,” HSBC analyst Howard Wen said, BullionVault reports. “We expect the bullion market to remain data-dependent.”
Other physically backed gold ETFs include:
- iShares Gold Trust (NYSEArca: IAU): down 24.4% year-to-date
- ETFS Physical Swiss Gold Shares (NYSEArca: SGOL): down 24.4% year-to-date
- ETFS Physical Asian Gold Shares (NYSEArca: AGOL): down 24.5% year-to-date
SPDR Gold Shares
For more information on gold, visit our gold category.
Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own GLD