Friday’s ETF Chart To Watch: SPDR Gold Trust (GLD)

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Friday’s ETF Chart To Watch: SPDR Gold Trust (GLD)

GLD

Linked by ETF Database ( track newsfeed | ignore newsfeed ) - August 03, 04:00AM from (feeds.etfdb.com)

Equity markets went for another ride down the hill yesterday as comments from the European Central Bank earlier in the day left investors hoping for more. ECB President Draghi sparked a sell-off as he failed to offer new stimulus measures like many had anticipated following his comments from last week during which he promised that policymakers would take whatever means necessary to ensure the unity and stability of the debt-burdened currency bloc. Michelle Gibley, director of international research at Charles Schwab, commented, "There is still hope, because he did talk about nonstandard measures that will be looked at in coming weeks” [see also ETFs To Hedge Rising Prices At The Pump]. After concerning comments about the state of the domestic economy from the FOMC earlier in the week, investors will keep a close watch on today's employment report. As such, the State Street SPDR Gold Trust (GLD, A) could experience volatile ...

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