“Gold usually moves higher when there is fear, uncertainty, or volatility in markets.

So far this year, gold has gained 8.5%, after bottoming out in late December.

After a big comeback during the first half of 2016, gold prices fell dramatically from $1387 per ounce in July 2016 to $1127 per ounce in December.

Two of the more popular gold exchange-traded funds are also seeing a bid on Tuesday.

The GLD SPDR Gold Trust ETF is up 0.7% and the GDX Market Vectors Gold Miners ETF, which tracks the performance of the Gold Miners Index is higher by 2.15%.” …ticker

via Gold is spiking on market fears (GLD, GDX) | 03/21/17 | Markets Insider

Advertisements