March 08, 2013 at 04:00 AM EST
Friday’s ETF Chart To Watch: SPDR Gold Trust (GLD)
The Dow Jones Industrial Average climbed further into previously uncharted territory yesterday as upbeat weekly jobless claims data kept euphoria levels elevated. Buying pressures were a dominant theme after the weekly jobless claims figure came in at 340,000, showing a healthy improvement over the previous figure of 347,000. With housing and labor market data both showing consistent signs of improvement over the past few months, investors are finally recognizing the fact the U.S. recovery is very much alive and kicking [see How To Take Profits And Cut Losses When Trading ETFs]. With U.S. employment data slated to come out later today, our focus will shift onto the State Street SPDR Gold Trust , which has been severely beaten down since the start of 2013. Gold prices may see volatile trading today as investors move in and out of the yellow safe haven depending on the latest employment figures; analysts are expecting for the unemployment rate to [...] Click here to read the original article on ETFdb.com. Related Posts: 3 Things You Need To Know When Picking A Commodity ETF Bracket Madness: ETF Style One ETF Issuer Stands Out From The Rest Wednesday’s ETF Chart To Watch: SPDR Gold Trust (GLD) How To Take Profits And Cut Losses When Trading ETFs
The Dow Jones Industrial Average climbed further into previously uncharted territory yesterday as upbeat weekly jobless claims data kept euphoria levels elevated. Buying pressures were a dominant theme after the weekly jobless claims figure came in at 340,000, showing a healthy improvement over the previous figure of 347,000. With housing and labor market data both showing consistent signs of improvement over the past few months, investors are finally recognizing the fact the U.S. recovery is very much alive and kicking [see How To Take Profits And Cut Losses When Trading ETFs]. With U.S. employment data slated to come out later today, our focus will shift onto the State Street SPDR Gold Trust , which has been severely beaten down since the start of 2013. Gold prices may see volatile trading today as investors move in and out of the yellow safe haven depending on the latest employment figures; analysts are expecting for the unemployment rate to [...]

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

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