Precious Metals & ETFs Surge After Federal Reserve Meeting

Share post:

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.

Related

Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

Tim Draper’s Bold Prediction: Bitcoin (BTC) Price Set to Skyrocket to $250K!

In the world of finance, Bitcoin is increasingly recognized as a transformative force. With the potential to challenge...

Bitcoin ETF: Navigating the Perils of SEC Rejection and Fierce Opposition from Funds

A recent court order has directed the Securities and Exchange Commission (SEC) to reconsider its denial of Grayscale's...

Nike’s Shocking 10% Plunge: Sales Outlook Slashed

Nike, a leading athletic apparel⁢ company, ⁣recently announced plans to reduce costs by $2 ‍billion over the next...