Gold ETFs May Not Be Much of a Volatility Hedge
April 09, 2016 at 07:30 AM EDT
Investors have turned to gold exchange traded funds as a safe-haven play in times of market stress. However, the precious metal may not always act as a hedge against stock volatility. Over the past five years, the correlation between the SPDR Gold Shares (NYSEArca: GLD) and the CBOE Volatility...