Love Affair With Gold ETFs Continues

Gold has been in a 3-year bear market, which has seen failed rallies on the back of various news events. Continued strength in the US economy and labor market has offset political and economic events since the Gold market turned bearish in 2013.

Still, some market observers see trouble for gold if the Federal Reserve raises interest rates, but that is not the consensus view.

“Many investors believe volatility will return later this year as the Federal Reserve attempts to raise interest rates. Others are concerned about unforeseen consequences linked to the experiments with negative interest rates by global central bankers in Europe, Japan and elsewhere,” reports CNN Money.

SPDR Gold Shares

Tom Lydon’s clients own shares of GLD.