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Gold ETFs Benefit as Gold Prices Exceed $1300

By ETF Channel Staff, Wednesday, September 29, 11:53 AM ET

As gold continues to hit new highs, ETFs that focus on the shiny metal are benefiting.

With the price of gold exceeding $1,300 an ounce for the first time on Tuesday as investors continue to worry about weak housing and consumer confidence data, the SPDR Gold Trust (AMEX:GLD) added $219 million in assets, and is trading higher by nearly two tenths of a percent on Wednesday.

Another play on gold is the Gold Miners ETF (AMEX:GDX), trading lower by nearly 1.4 percent, or the DB Gold Fund (AMEX:DGL), trading higher by nearly two tenths of a percent.

Find the right mix of model portfolios today at PortfolioChannel.com


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