Gold ETFs Shimmer on Growing International Demand
Swiss safe-haven inflows into money market and gold ETFs sent gold and other precious metals higher this week. Swiss based hedge funds have deposited record amounts of cash into money markets and precious metal ETFs to store wealth, as the world’s stock markets provide little reason to invest. According to Reuters, the fund with the [...]
Access to Russian Currency Now Afforded by New Rydex ETF
Rydex has expanded its collection of eight CurrencyShares ETFs with the launch of a new product to track Russian currency. According to the Market Wire press release, CurrencyShares Russian Ruble Trust (XRU: Quote, Profile, Advanced Chart, News) provides the first currency exposure to the Russian economy and has just begun trading 1,000 Rubles per share [...]
U.S. Dollar Shows Signs of Life in August
The U.S. dollar had been consistently dropping in value this year until a reversal took place in August. The publisher of PowerShares Momentum Tracker, Don Dion, discusses the dollar’s recuperation in the Newswire article, saying, “After suffering a long-term slump, the dollar rose more than 8% this past month in relation to the euro.” The [...]
