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Gold ETFs Hold The ‘Greece,’ Fed Accountable (GLD, IAU, SGOL)
By Devon Layne | February 08, 2012

Related ETFs: SGOL / IAU / GLD

Gold prices and gold-tracking ETFs jumped as the yellow metal once again became a safe haven for investors, due to the delays in Greece’s latest debt talks, according to an article on the Wall Street Sector Selector.

Also, the push toward gold may be a response to Ben Bernanke, chairman of the Federal Reserve, who has been speaking about the fragility of the U.S. economy while promising to protect it, according to John Nyaradi, publisher of the Wall Street Sector Selector.

The article said the following gold ETFs were responding to the latest developments:

  • SPDR Gold Shares (NYSEArca: GLD)
  • iShares Gold Trust (NYSEArca: IAU)
  • ETFS Gold Shares Trust ETF (NYSEArca: SGOL)

 

Head over to the WallStreetSectorSelector.com for Nyaradi’s full perspective.