SEE MORE: Record Investment Demand for Gold ETFs
“GLD has surged this year, up more than 24 percent year to date. Meanwhile, all eyes are on the Federal Open Market Committee decision set to be released on Sept. 21. Traders currently see a 21 percent chance of the Fed announcing a hike on that date, according to CME Group’s FedWatch tool,” according to CNBC.
For more information on the gold market, visit our gold category.
SPDR Gold Shares
Tom Lydon’s clients own shares of GLD.