NYSEARCA:UGL - NYSE Arca - US74347W6012 - ETF - Currency: USD
ETF investors are diversifying their bets as global tensions rise, buying U.S. equities, international stocks, bonds, gold, and crypto ETFs.
- VOO, DIA rise 1% while USO drops 3.6%. - Iran aims to de-escalate after exchanging missile fire with Israel, according to reports. - Tanker ETF BWET jumps nearly 17% at Monday's high.
Gold ETFs may not provide true crisis protection, as differences in storage, redemption rights, and derivative use can affect their effectiveness.
Precious metals have surged, with gold seeing all-time highs this year; these three ETFs can help to provide easy exposure to the rally.
Following the advice of consultant Wilshire Associates, the Ohio Police & Fire Pension Fund - currently with $15.7B in AUM - will invest 5% of its assets in gold (XAUUSD:CUR).
Gold (XAUUSD:CUR) had a wild ride yesterday in wake of Fed Chair Jay Powell's Jackson Hole speech, at which he said the central bank would have no issue with inflation topping the 2% target.
Gold (XAUUSD:CUR) and silver (XAGUSD:CUR) bulls waiting for a dip might have their opportunity after just-released FOMC minutes (late-July meeting) say the central bankers were surprised by the strength in household spending in wake of the economic crash.That headline has helped send gold to a 3.25% decline and silver down 4.2%.
Exchange operator CME Group (NASDAQ:CME) reportedly is raising Comex gold futures initial margins by 6.9% to $10,320 per contract from $9,750 previously.CME also is said to raise Comex silver futures margins by 15.2% to $13,250 per contract from $11,500.The moves come after gold and silver futures plunged today.ETFs: GLD, SLV, IAU, PHYS, PSLV, USLVF, AGQ, SIVR, SGOL, UGLDF, BAR, UGL, GLDM
In what felt like "a mini-crash," gold (XAUUSD:CUR) plunged 4.6% to settle at $1,946.30/oz. for its steepest one-day dollar decline since April 15, 2013, and biggest percentage slide since March 13, based on the most-active contracts.Other precious metals also took a beating, with silver -11% to settle $260.04/oz.
Gold futures (XAUUSD:CUR) wrapped up their best monthly gain in more than four years, settling +1% at $1,985.90/oz.
Up 0.7% on the session, August gold (XAUUSD:CUR) has crossed $1.9K, and at current pixel time is changing hands at $1,902 per ounce.
Up a bit more than 1% today, gold (XAUUSD:CUR) is changing hands at a few cents over $1.8K per ounce.The metal last traded above that level in 2011, and bulls are hoping history doesn't repeat. The cr
The gold (XAUUSD:CUR) rally has more or less stalled out over the past two months, with the metal today sitting at $1,716 per ounce after nearly topping $1,800 in mid-April.It might just be the pause
BMO Capital upgrades two mining stocks and downgrades two others while raising its 2020 and long-term price outlook for gold and silver, Bloomberg reports.BMO analysts led by Colin Hamilton cite valua
Stocks are again shrugging off horrid economic news (another 3M filing for initial jobless claims) to turn higher - which kind of makes sense as it boosts pressure on the Fed and D.C. to come through
via Bloomberg's Eric BalchunasGold ETFs so far this year have received net inflows of $14B - that's 14% of all ETF inflows despite accounting for just 2% of ETF AUM.It's only May, and that $14B has al