Gold steadies as traders weigh outlook for Fed rate cuts
Bullion traded near $2,626 an ounce in thin trading after closing 1.1% higher on Friday.
While commodities ETFs – led by precious metals funds like the SPDR Gold Trust (GLD) and the iShares Silver Trust (SLV) – are hot, currency ETFs are even hotter.
Flows into 38 U.S.-listed currency ETFs this year stood at $2.2 billion through last week, according to a new review of fund flows by ConvergEx Group.
