Derivatives
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- Gold ETFs Can Take On a Shine as Dollar Dulls
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The weakness of the U.S. dollar seems to be giving gold its added glimmer, as gold prices closed $2 higher Wednesday, adding more value to related exchange traded funds (ETFs).The precious metal is often used as a hedge against inflation. The going price today was $934 an ounce. As of the current economic picture, there are major factors supporting the rise in gold: global inflation and increased demand for emerging markets/countries, r…
Original Source: feeds.feedburner.com
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3 July, 2008| Derivatives |
@ 14:00
