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

By: ETFdb
Stocks soared into bright green territory as investors looked beyond the damages inflicted by Hurricane Sandy, focusing instead on the plateful of positive economic data at home. Weekly jobless claims bolstered confidence as fewer people than expected filed for unemployment; furthermore, an uptick in ISM and construction spending data also helped restore optimism on Wall Street and open the doors for the bulls [see How To Pick The Right ETF Every Time]. With the presidential election coming up next week, all eyes will be focused on the latest employment report as investors and critics look for an improvement in the sluggish domestic labor market. As such, our ETF to watch for the day is the State Street SPDR Gold Trust , which may experience volatile trading depending on the latest jobs data. Analysts are expecting for non-farm payrolls to come in at 120,000 while the unemployment rate is expected to come [...] Click here to read the original article on ETFdb.com. Related Posts: Ultimate Guide To Van Eck Market Vectors TR Gold Miners (GDX) ETF Insider: Sandy Rattles Wall Street Daily ETF Roundup: Stocks Pop After Data Wednesday’s ETF Chart To Watch: SPDR Gold Trust (GLD) Third Time’s A Charm? Best ETF Plays For QE3
Stocks soared into bright green territory as investors looked beyond the damages inflicted by Hurricane Sandy, focusing instead on the plateful of positive economic data at home. Weekly jobless claims bolstered confidence as fewer people than expected filed for unemployment; furthermore, an uptick in ISM and construction spending data also helped restore optimism on Wall Street and open the doors for the bulls [see How To Pick The Right ETF Every Time]. With the presidential election coming up next week, all eyes will be focused on the latest employment report as investors and critics look for an improvement in the sluggish domestic labor market. As such, our ETF to watch for the day is the State Street SPDR Gold Trust , which may experience volatile trading depending on the latest jobs data. Analysts are expecting for non-farm payrolls to come in at 120,000 while the unemployment rate is expected to come [...]

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

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