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SPDR Gold Shares ETF (ETF:GLD), ProShares UltraShort Gold ETF (ETF:GLL) - 3 ETFs To Play The Gold Breakout

SPDR Gold Shares ETF (ETF:GLD), ProShares UltraShort Gold ETF (ETF:GLL) - 3 ETFs To Play The Gold Breakout
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Gold Heads for Third Weekly Gain as Yields, Dollar Trend Down


Gold Heads for Third Weekly Gain as Yields, Dollar Trend Down
Bloomberg
1 hr ago
Eddie Spence
(Bloomberg) Gold is headed for a third straight weekly gain as bond yields and the dollar continued their downtrend after surging at the start of the year.
Applications for U.S. state unemployment insurance unexpectedly plunged to a fresh pandemic low, weighing on demand for haven assets and pushing bullion down from the highest in nine weeks. The metal did trim its loss after Bloomberg reported President Joe Biden would propose almost doubling the capital gains tax for wealthy individuals, which hammered U.S. stocks. ....

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Gold Heads for Third Weekly Gain as Investors Weigh Demand, Jobs


Gold Heads for Third Weekly Gain as Investors Weigh Demand, Jobs
Bloomberg
3 hrs ago
Ranjeetha Pakiam
(Bloomberg) Gold headed for a third straight weekly gain as investors assessed signs of a recovery in physical demand with optimism over the U.S. labor market.
Gold shipments from Switzerland to India and China rose last month, indicating renewed buying by the top consumers after a year on the sidelines. Meanwhile, applications for U.S. state unemployment insurance unexpectedly plunged to a fresh pandemic low, signaling that the job market is strengthening, which weighed on demand for haven assets.
Traders were also mulling a proposal for higher taxes on the wealthy to help pay for President Joe Biden’s social plan. U.S. stocks had their biggest slide in five weeks on Thursday as Bloomberg News reported the Biden administration is considering almost doubling the capital gains tax rate to 39.6% for those earning $1 million or more a ye ....

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