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

Equity markets extended losses into Tuesday as unresolved Euro drama continues to weigh down on confidence, while the Federal Open Market Committee meeting at home sparked a wave of panic selling. The Nasdaq led the way lower, down 1.26% on the day, while the Dow Jones Industrial Average proved to be most resilient, shedding 0.55%. Bearish momentum took charge on Wall Street and investors expressed their disappointed with the Fed’s decision to hold off from an additional round of stimulus. “Investor attitudes are still pretty dour, people are too busy reading headlines and not looking at balance sheets”, commented Jack Ablin, chief investment officer at Harris Private Bank. Gold prices have oscillated rather wildly over the past few weeks as investors keep having to re-adjust their growth and inflation expectations thanks to the ever-changing landscape, with Euro zone debt woes being at the center of attention. The precious metal will [...] Click here to read the original article on ETFdb.com. Related Posts: November ETF Stats: Small Step Back What’s The Difference? Understanding What Distinguishes Similar ETFs Ten Unexpected Observations On YTD ETF Returns Daily ETF Roundup: GLD Bounces Back, VXX Sinks As Dust Settles How ETF Investors Can Save $415 Million (Without Breaking A Sweat)