Gold and gold ETFs are coming back into favor as the eurozone crisis continues to fester and unsettle investors looking for save havens, according to an article on ETF Trends that cited ETF industry insider Christian Magoon.
Magoon suggested that gold's the latest moves higher reflect expectations among investors that things are likely to get worse, and that if the eurozone dissolves, gold would be an attractive store of value, the report said.
The article said the following gold ETFs rose on Monday, but suggested some of the movement could also reflect a rebound after the yellow metal fell about 3 percent in the prior week:
- SPDR Gold Shares (NYSEArca: GLD)
- iShares Gold Trust (NYSEArca: IAU)
Check out the full story on ETF Trends.