August Exodus From Gold ETFs
This article was originally published on ETFTrends.com.
Gold notched its fifth consecutive monthly loss in August, prompting investors to depart gold exchange traded funds, such as the SPDR Gold Shares (NYSEArca: GLD). GLD is the world’s largest ETF backed by physical holdings of gold. The strengthening U.S. economy is translating to a stronger dollar, which is often a problem for gold. Gold, like [...]