Inflation Pushing Gold Higher ETF: GLD, (SGOL)
September 10th, 2009
Gold hit its highest trading level since March 2008 at $1000 per ounce Tuesday. “We’re seeing gold hold in quite a tight range for some time,” Daniel Wills of ETF Securities told CNBC. He said “this largely reflects the fact that there’s still very much concern surrounding the longer term outcome particularly inflation.” (GLD),(SGOL)
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