| Gold as a commodity had seen a lot of euphoria this year thanks to prolonged global worries over militant attacks in Iraq, bleak U.S. growth data in winter and the much talked about geopolitics between Ukraine and Russia. The metal’s safe haven status has bolstered its prices by 4.8% in Q1 and 2.7% in Q2.
However, the metal snapped the trend stepping into Q3, losing about 8.7% so far this quarter. Investors should note that gold mining products generally trade as a leveraged play on underlying commodities. So when gold prices rise, these mining ETFs emerge as true winners and vice versa, which unfortunately has been the case as of late...............................................Full Article: Source
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