It’s been an up-and-down week on Wall Street, with Monday’s steep sell off in gold rattling the markets and investor confidence. The precious metal tumbled over 9%, shedding more than $100 per troy ounce on Monday and marking its biggest one-day percentage drop in 30 years. Meanwhile, disappointing reports from China weighed heavily on the markets; economic growth in the first quarter came in at 7.7%, while analysts were expecting GDP growth to be 8%. Several other mixed economic and earnings reports had the CBOE Volatility Index (VIX) soaring above the 14 mark [see 10 Questions About ETFs You've Been Too Afraid To Ask]. Below, we outline seven insightful articles circulating around the financial space this week: What Happened After Gold’s Similar 2-day Plunge 30 Years Ago? at StreetSmartPost During Monday’s trading session, gold plummeted over 9%, marking its biggest one-day percentage drop in 30 years. In this article, Sy Harding takes a look back at what happened [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Rebound From Worst One-Day Drop In 2013 Daily ETF Roundup: Dow Tumbles, Posting Worst One-Day Drop In 2013 How To Swing Trade ETFs Daily ETF Roundup: Jobs Report Boosts Markets The Most Successful ETFs Of All-Time
It’s been an up-and-down week on Wall Street, with Monday’s steep sell off in gold rattling the markets and investor confidence. The precious metal tumbled over 9%, shedding more than $100 per troy ounce on Monday and marking its biggest one-day percentage drop in 30 years. Meanwhile, disappointing reports from China weighed heavily on the markets; economic growth in the first quarter came in at 7.7%, while analysts were expecting GDP growth to be 8%. Several other mixed economic and earnings reports had the CBOE Volatility Index (VIX) soaring above the 14 mark [see 10 Questions About ETFs You've Been Too Afraid To Ask]. Below, we outline seven insightful articles circulating around the financial space this week: What Happened After Gold’s Similar 2-day Plunge 30 Years Ago? at StreetSmartPost During Monday’s trading session, gold plummeted over 9%, marking its biggest one-day percentage drop in 30 years. In this article, Sy Harding takes a look back at what happened [...]
Click here to read the original article on ETFdb.com.
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