20.03.2015 - What About ‘Currency Hedging’ in Gold ETFs?
Markets are feeling a bit of a hangover one day after a rowdy, post-Fed rally. Stocks, bonds and gold are all lower. The SPDR Gold Shares (GLD) is down 0.2% on Thursday. It climbed 2% on Wednesday after Federal Reserve policymakers’ lukewarm assessment of U.S. economic growth prompted market watchers to rethink how soon the central bank might raise interest rates. Michael Dudas, mining analyst at brokerage Sterne Agee, likes the fundamental outlook for gold in the months ahead, as well as the technical picture that shows up on the charts. Barron’s recently highlighted the prospects for gold demand in the Eastern hemisphere. The upshot is that wage growth might allow consumers India and China to buy more stuff, including gold...............................................Full Article: Source
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