In the U.S., we will be watching for the Federal Open Market Committee meeting announcement on Wednesday to glean hints on the Fed’s monetary policy.
Comex gold futures were trading around $1,239.1 per ounce Monday, compared to $1075.2 per ounce at the start of the year.
Investors who are interested in following the gold asset have a number ETF options available.
The largest gold ETFs and ETNs include:
- SPDR Gold Shares (NYSEArca: GLD)
- iShares Gold Trust (NYSEArca: IAU)
- ETFS Physical Swiss Gold Shares ETF (NYSEArca: SGOL)
- PowerShares DB Gold Fund (NYSEArca: DGL)
- Van Eck Merk Gold Trust (NYSE Arca: OUNZ)
- Credit Suisse Gold Shares Covered Call ETN (Nasdaq: GLDI)
- AdvisorShares Gartman Gold/Yen ETF (NYSEArca: GYEN)
- ETRACS CMCI Gold ETN (NYSEArca: UBG)
- AdvisorShares Gartman Gold/Euro ETF (NYSEArca: GEUR)
Gold miner ETFs include:
- Market Vectors Gold Miners ETF (NYSEArca: GDX)
- Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ)
- Sprott Gold Miners ETF (NYSEArca: SGDM)
- iShares MSCI Global Gold Miners Fund (NYSEArca: RING)
- Sprott Junior Gold Miners ETF (NYSEArca: SGDJ)
- Powershares Global Gold and Precious Metals Portfolio ETF (NYSEArca: PSAU)
- Global X Gold Explorers ETF (NYSEArca: GLDX)
Some inverse and leveraged gold ETFs and ETNs:
- Powershares DB Gold Double Long ETN (NYSEArca: DGP)
- ProShares Ultra Gold ETF (NYSEArca: UGL)
- ProShares UltraShort Gold ETF (NYSEArca: GLL)
- VelocityShares 3x Long Gold ETN (NYSEArca: UGLD)
- Powershares DB Gold Double Short ETN (NYSEArca: DZZ)
- Powershares DB Gold Short ETN (NYSEArca: DGZ)
- VelocityShares 3x Inverse Gold ETN (NYSEArca: DGLD)
- Direxion Daily Gold Miners Bull 3x Shares ETF (NYSEArca: NUGT)
- Direxion Daily Gold Miners Bear 3x Shares ETF (NYSEArca: DUST)
- Direxion Daily Junior Gold Miners Index Bull 3x Shares (NYSEArca: JNUG)
- Direxion Daily Junior Gold Miners Index Bear 3X Shares (NYSEArca: JDST)
- ProShares Ultra Gold Miners (NYSEArca: GDXX)
- ProShares Ultra Junior Miners (NYSEArca: GDJJ)
- ProShares UltraShort Gold Miners (NYSEArca: GDXS)
- ProShares UltraShort Junior Miners (NYSEArca: GDJS).