|Bid||139.01 x 1800|
|Ask||139.02 x 1000|
|Day's Range||137.98 - 139.21|
|52 Week Range||117.35 - 146.82|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||14.00%|
|Beta (5Y Monthly)||-0.04|
|Expense Ratio (net)||0.40%|
Gold prices over the last year have jumped nearly 20%, having some investors think we're in a modern day gold rush. Gold is on track for its best year in a decade and in a recent note Goldman Sachs expects it will only go higher. Yahoo Finance’s Myles Udland joins the On the Move panel to break it down.
With market volatility having dampened considerably since the beginning of the year, as stocks trade near all-time highs, the SPDR Gold Shares (GLD) , the largest gold ETF, and other gold-backed ETFs are trading lower this quarter. “Gold cannot fully replace government bonds in a portfolio, but the case to reallocate a portion of normal bond exposure to gold is as strong as ever,” Goldman analysts including Sabine Schels said in a recent note, reports Bloomberg.
Risk off–risk on market sentiment throughout 2019 has helped drive a positive price trend for gold, according to the World Gold Council, but larger macro-economic shifts have influenced some of gold’s typical supply and demand chains–making for some shorter term price volatility marked with rallies and pullbacks. ETF Trends CEO Tom Lydon moderated the webcast, which featured George Milling–Stanley, Chief Gold Strategist, State Street Global Advisors; Alistair Hewitt, Director, Head of Market Intelligence, World Gold Council; and Juan Carlos Artigas, Director, Investment Research, World Gold Council.
The SPDR Gold Shares (GLD) , the largest gold ETF, and other gold-backed ETFs are trading lower this quarter, but some major Wall Street banks see more gains coming for bullion in 2020. “Gold cannot fully replace government bonds in a portfolio, but the case to reallocate a portion of normal bond exposure to gold is as strong as ever,” Goldman analysts including Sabine Schels said in a recent note, reports Bloomberg. In fact, some commodities market observers believe the yellow metal can continue delivering solid showings in 2020.
Virgin Galactic Explodes Higher On Space Flight Hopes Virgin Galactic (NYSE:SPCE) shares are rocketing back into space, or at least to a $9.66 handle at time of writing, on the back of a Morgan Stanley (NYSE:MS) report predicting that shares could climb to $60 if the company executes its business goals. Basically, it wants to […]The post Market Morning: Virgin Rocket, Blain Bashes Tesla, Softbank Bails on Wag, Banks Fret on Repo appeared first on Market Exclusive.
The SPDR Gold Shares (GLD) , the largest gold ETF, and competing gold ETFs tumbled Friday on the back of a surprisingly strong November jobs report, but that doesn't mean these funds are about to turn bearish. In fact, some commodities market observers believe the yellow metal can continue delivering solid showings in 2020. Bullish gold traders didn’t get the news they wanted when the most recent Federal Reserve minutes revealed that more rate cuts may not be on the horizon, which could feed into lower gold prices.
An unwillingness among the four leading U.S. banks to lend cash, combined with a surge in demand from hedge funds for secured funding, could explain the spike in U.S. money market rates and the sudden stress in the repo market beginning in September, the Bank for International Settlements said in a report dated Monday. Cash available to banks for short-term needs, also known as the repo market, all but disappeared in September, and some rates shot as high as 10% on certain overnight loans, which forced the Federal Reserve to make an emergency injection of billions of dollars for the first time since the global financial crisis roughly a decade ago. The major banks were not named in the report. The researchers conceded that the exact cause of the sudden stress is unknown but they reasoned that the factors could have ranged from large withdrawals for quarterly tax payments to the knock-on effects of sizeable trades in U.S. Treasuries. The BIS analysts emphasized that a growing over-reliance on the biggest U.S. banks to keep the repo market functioning may have been the leading factor. The Fed's ongoing efforts to shore up the short-term repo lending markets have begun to rattle some market experts, as interventions have stretched to a third month.
U.S. Money Reserve CEO Angela Roberts By John Jannarone As CEO of U.S. Money Reserve, Angela Roberts believes she has a responsibility to positively influence the professional and personal lives of employees at every level, a lesson she learned many years ago from a mentor at a previous company. She spoke to CorpGov about her […]
The Cboe Volatility Index is widely used as an indicator of measuring the ebbs and flows of volatility in the markets. iShares Gold Trust (IAU) : seeks to reflect generally the performance of the price of gold and the performance before payment of the Trust’s expenses and liabilities. The Trust does not engage in any activities designed to obtain a profit from, or to ameliorate losses caused by, changes in the price of gold.
Below is a look at ETFs that currently offer attractive buying opportunities. The ETFs included in this list are rated as buy candidates for two reasons. First, each of these funds is deemed to be in an uptrend based on the fact that its 50-day moving average is above its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading below its five-day moving average, thereby offering a near-term 'buy on the dip' opportunity, given the longer-term uptrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETFdb.com premium content, sign up for a free 14-day trial to ETFdb.com Pro.
Weak manufacturing data helped to keep gold prices steady in Monday’s trading session following last week’s Thanksgiving holiday. As U.S. equities were reaching highs in major indexes like the S&P 500 and Nasdaq Composite, gold prices were feeling downward pressure from a renewed risk-on investor sentiment. ISM Manufacturing data released on Monday showed that manufacturing activity lagged in the month of November following a decline in inventories and new orders.
So Much For A Christmas China Trade Deal The signing of the Hong Kong Human Rights and Democracy Act of 2019 had already put the prospects of a US trade deal with China in jeopardy, and now it seems that the chances of a deal by the end of the year have been completely scuttled. […]The post Market Morning: Trade Deal Scuttled, French Cheese Wars, Gronk Picks CBD over NFL appeared first on Market Exclusive.
Spot gold was unchanged at $1,462.58 per ounce by 0803 GMT. U.S. gold futures fell 0.1% to $1,468.20. Trump on Monday announced tariffs on U.S. steel and aluminium imports from Brazil and Argentina "effective immediately", opening new fronts in his trade war.