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Why Gold ETFs Are Suddenly Tarnishing
What goes up, must come down. Gold ETFs have enjoyed serious upside in recent years, with the price of the precious metal increasing 64% in 2025 after a 26% climb the year before. That drove strong performance in exchange-traded funds like the SPDR Gold Shares (GLD) and the iShares Gold Trust (IAU), both boasting a near 100% return between early 2025 and February of this year. Lately? Not so much. The price of gold itself has fallen about 6% so far this year and more than 10% since the start of June. It’s always hard to say exactly why the markets do what they do, but the inflation and interest rate outlook clearly ... (full story)
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Gold prices eased on Monday as recent US-Iran strikes in the Gulf pushed oil prices higher, while expectations of US Federal Reserve interest rate hikes further weighed on the non-yielding metal. Spot gold was down 0.7% at $4,061.35 per ounce, as of 0242 GMT. US gold futures for August delivery lost 0.5% to $4,076.40.The metal was headed for a fourth ...
BREAKING: U.S. and Iran agree to halt strikes and meet this week, U.S. officials tell me. My story on @axios