Gold ETFs Could Catch a Break

“Tepper also favors gold as a guard against stagflation, an environment where inflation reaches highs, economic growth slows and unemployment spikes. Tepper’s research points to a recession in mid-2020 followed by a period of stagflation,” according to CNBC.

Although gold prices have fallen in the second quarter, investors have added nearly $830 million to IAU and almost $292 million to GLD since April 1st.

For more information on the gold market, visit our gold category.

Tom Lydon’s clients own shares of GLD.