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

By: ETFdb
Buying pressures and short-lived pullbacks are still the two most dominant themes on Wall Street since major equity indexes began their bull run on November 16 of last year. With economic data releases largely coming in better-than-expected over the past few months, investors have had few reasons to take profits amid the rallies; the S&P 500 Index is inching closer and closer to all-time highs near the 1,576 level while the Dow Jones Industrial Average continues its ascent into previously uncharted territory [Download 101 ETF Lessons Every Financial Advisor Should Learn]. The SPDR Gold Trust is on our radar today as this fund could swing wildly in either direction as investors digest the latest monthly employment report on the home front. Analysts are expecting for the unemployment rate to hold steady at 7.7% while nonfarm payrolls are expected to drop down to 190,000 compared to last month’s figure of 236,000. Chart Analysis While equities [...] Click here to read the original article on ETFdb.com. Related Posts: Head-To-Head: Gold vs. Miners ETF Insider: Data Heavy Week Could Spur Volatility Comparing The Performance Of The World’s Largest ETFs Friday’s ETF Chart To Watch: SPDR Gold Trust (GLD) 3 Things You Need To Know When Picking A Commodity ETF
Buying pressures and short-lived pullbacks are still the two most dominant themes on Wall Street since major equity indexes began their bull run on November 16 of last year. With economic data releases largely coming in better-than-expected over the past few months, investors have had few reasons to take profits amid the rallies; the S&P 500 Index is inching closer and closer to all-time highs near the 1,576 level while the Dow Jones Industrial Average continues its ascent into previously uncharted territory [Download 101 ETF Lessons Every Financial Advisor Should Learn]. The SPDR Gold Trust is on our radar today as this fund could swing wildly in either direction as investors digest the latest monthly employment report on the home front. Analysts are expecting for the unemployment rate to hold steady at 7.7% while nonfarm payrolls are expected to drop down to 190,000 compared to last month’s figure of 236,000. Chart Analysis While equities [...]

Click here to read the original article on ETFdb.com.

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