Gold ETFs And The Eurozone Debt Crisis

By
Cinthia Murphy
June 27, 2012
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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.

ETF DAILY DATA

'GLD' added $384 million on Tuesday, Jan. 27, as earnings warnings spooked markets and pulled total U.S.-listed ETF down to $2.017 trillion.

'DXJ' and 'HEDJ' propelled WisdomTree up the issuer table on Tuesday, Jan. 27, as total U.S.-listed ETF assets fell to $2.017 trillion.

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