Gold Investors Frustrated by Poor Performance (GLD) (IAU) (SLV)
Tweet
Share
E-mail
SPDR Gold Shares ETF (NYSE: GLD) opened lower on Monday, as the price of spot gold traded below $1650 per ounce for the first time since early January. Today's weakness takes the price of gold to the lower end of its recent trading range and could result in a downside breakout targeting $1625. Volatility is being exaggerated because of thin volume as a result of the Asian Lunar holiday and Carnival celebrations in Germany and parts of Europe.
More generally, poor performance relative to stocks is wearing investors' patience thin. Many investors are frustrated as inflation and so-called hyperinflation remains elusive, despite massive global central bank printing and fears of a currency war.
SPDR Gold Shares ETF (NYSE: GLD) and iShares Gold Trust ETF (NYSE: IAU) were lower by over 1 percent on early on Monday. iShares Silver Trust ETF (NYSE: SLV) was lower by 1.5 percent.
Year to date, GLD is lower by 1 percent.
More generally, poor performance relative to stocks is wearing investors' patience thin. Many investors are frustrated as inflation and so-called hyperinflation remains elusive, despite massive global central bank printing and fears of a currency war.
SPDR Gold Shares ETF (NYSE: GLD) and iShares Gold Trust ETF (NYSE: IAU) were lower by over 1 percent on early on Monday. iShares Silver Trust ETF (NYSE: SLV) was lower by 1.5 percent.
Year to date, GLD is lower by 1 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Natural Gas Inventory 36 bcf vs 31 bcf Expected
- UBS sees gold rising to $5,000/oz by first half of 2027
- Oil climbs 5% as Iran, US both demand compensation and Hormuz hopes fade
Create E-mail Alert Related Categories
Commodities, ETFs, TechnicalsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
