|Bid||111.72 x 300|
|Ask||115.00 x 1700|
|Day's Range||113.80 - 114.02|
|52 Week Range||110.90 - 116.76|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.20%|
The British pound (FXB) was one of the worst performers in the week ending August 18.
Gold acts as an inflation hedge for investors. When inflation rises, the value of the paper currency falls, as the same currency can now buy fewer goods and services.
FOMC members noted that labor market conditions have continued to strengthen since their last meeting in June.