|Bid||0.00 x 3000|
|Ask||0.00 x 1100|
|Day's Range||58.88 - 60.55|
|52 Week Range||37.83 - 60.55|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.00%|
Gold recorded the fourth consecutive monthly decline, representing the longest stretch of losses since 2013. Here are the ways to go short on the yellow metal with ETFs.
Many investors might seek to buy gold at a discounted price while some risk aggressive investors want to short gold for the near term via ETFs.
Precious metals commodity-related exchange traded funds plunged Friday, with gold prices falling to their lowest level since last year, as traders switched to cash in response to the escalating trade tensions between the U.S. and China. On Friday, the SPDR Gold Shares (NYSEArca: GLD) fell 1.9% and the iShares Silver Trust (NYSEArca: SLV) declined 3.9%. The broad selling follows news that President Donald Trump approved tariffs on $50 billion in Chinese goods, fueling concerns that the intensifying trade spate between Washington D.C. and Beijing will cripple the economy and slow global growth, the Wall Street Journal Reports.