Gold Prices Aren't Doing What You'd Expect. Here's Why Experts Say That's Happening. [Yahoo! Finance]
MARKET VECTORS GOLD ETF (GDX)
NASDAQ:AMEX Investor Relations:
vaneck.com/etf/equity/gdx/documents
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Source: Yahoo! Finance
Key Takeaways A stronger U.S. dollar and lower expectations of interest rate cuts in the near-term are headwinds for gold prices. The precious metal's outperformance over the past year might also explain why it isn't doing much now, market experts say. Gold is usually seen as an insurance policy against geopolitical uncertainty. Not so much lately. Amid continued tensions in the Middle East, spot gold's price slipped about 1.6% Thursday to around $5,060 per troy ounce. Funds that track the precious metal and mining stocks—like the SPDR Gold Trust ( GLD ) and the VanEck Gold Miners ETF ( GDX )—are poised to finish the week in the red. Silver prices are lower too. There are many reasons the traditional haven asset isn't performing as investors might have expected, according to market experts. Among them: Investors have been bidding up the precious metal for the past 12 months, treating it more like a momentum trade ; ongoing strikes on Iran have pushed up oil prices, raisin
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