Precious metals and tracking ETFs jumped today after the Federal Reserve meeting where they did a 75 basis point rate hike. Gold is up +1.5% to somewhere around $1840 per ounce and silver soared even higher up +4% to $21.81. The SPDR Gold Shares ETF (GLD) is up almost +1% while the ProShares Ultra Silver ETF (AGQ) boosted +4.3%.
ETF Newz Says:
Gold and silver could become somewhat of a safe haven if inflation pressures continue.