After evading the headlines for quite a while, Greek debt woes resurfaced earlier in the week, bringing back the cloud of uncertainty looming over the debt burdened currency bloc. With renewed uncertainties came volatile price action and equity markets went for a ride, bringing a halt to euphoria on Wall Street. Despite this bump in the road to recovery, equity benchmarks have been able to regain their ground as optimism surrounding the Greek bailout has been strong [see also Highlighting The Kings Of The Dividend ETFs]. Gold failed to take on safe haven appeal once Greek drama stole the headlines; futures prices for the precious metal dipped below the $1,700 level, hitting a recent low of $1,663 an ounce on Tuesday morning. Prices have regained lost ground although today’s U.S. unemployment report could pave the way for more volatility in gold prices as investors weight the health of the domestic labor market. Our [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Watch This Week: EFA, EWC, GLD Daily ETF Roundup: UUP Gains After Data, GLD Plunges Lower ETF Insider: Will Economic Data Derail The Bull Train? Seven Surprising ETF Performance Comparisons Daily ETF Roundup: GLD Soars After Greek Deal, XHB Drops Ahead Of Data
After evading the headlines for quite a while, Greek debt woes resurfaced earlier in the week, bringing back the cloud of uncertainty looming over the debt burdened currency bloc. With renewed uncertainties came volatile price action and equity markets went for a ride, bringing a halt to euphoria on Wall Street. Despite this bump in the road to recovery, equity benchmarks have been able to regain their ground as optimism surrounding the Greek bailout has been strong [see also Highlighting The Kings Of The Dividend ETFs]. Gold failed to take on safe haven appeal once Greek drama stole the headlines; futures prices for the precious metal dipped below the $1,700 level, hitting a recent low of $1,663 an ounce on Tuesday morning. Prices have regained lost ground although today’s U.S. unemployment report could pave the way for more volatility in gold prices as investors weight the health of the domestic labor market. Our [...]
Click here to read the original article on ETFdb.com.
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