Gold ETFs Can Bounce Back if U.S. Dollar Slips
This article was originally published on ETFTrends.com.
Commodities, including gold, are denominated in dollars, meaning that as the greenback strengthens, commodities often do the opposite. The inverse relationship between gold and the dollar has recently been on display. Over the past three months, the Invesco DB U.S. Dollar Index Bullish Fund (NYSEArca: UUP) is up 6.4% while the SPDR Gold Shares (NYSEArca: GLD), the [...]