05.01.2016 - Investors Go for Gold as Market Tumbles
Gold started 2016 on a bright note. Investors seeking safety from the tumbling stock market and rising tensions in the Mideast are buying beaten-up exchange-traded funds that track the price of gold and the miners that dig it out of the ground. The nearly $22 billion SPDR Gold Trust , or GLD, and was up 1.2% while the S&P 500 fell 2.2%. Even gold producers, some of last year’s most troubled companies as gold prices fell for a third straight year, rose on Monday. The $4.3 billion Market Vectors Gold Miners ETF added 1.5% on the heels of five years of declines, 2015’s topping 25%...............................................Full Article: Source
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