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Can the GLD ETF Rally Keep Going?
Gold is on a tear. It's rallied six straight days and headed for a seventh today. Yesterday (March 25) it closed at a three-week high of $1,197 an ounce.
Shares of the SPDR Gold Shares (NYSE: GLD) ETF have also posted gains lately on gold's rise. GLD ETF is up 3% in the past five days, while the Dow has slipped 0.7%.
But can this gold and GLD ETF rally keep going, so investors can profit?
Gold is on a tear. It's rallied six straight days and headed for a seventh today. Yesterday (March 25) it closed at a three-week high of $1,197 an ounce.
Shares of the SPDR Gold Shares (NYSE: GLD) ETF have also posted gains lately on gold's rise. GLD ETF is up 3% in the past five days, while the Dow has slipped 0.7%.
But can this gold and GLD ETF rally keep going, so investors can profit?