Gold ETFs Reap The Rewards of Stocks’ Dismal May
This article was originally published on ETFTrends.com.
The S&P 500 tumbled 5.67% in May, but safe-haven assets benefited. Just look at gold-backed exchange traded funds, such as the SPDR Gold Shares (NYSEArca: GLD) and SPDR Gold MiniShares (NYSEArca: GLDM). GLD, the world’s largest gold ETF, surged 2.43% in May as bullion topped $1,300 per ounce late in the month. Against the current backdrop of [...]