
Gold prices climbed to a three-week high this week, showing why a gold ETF like the SPDR Gold Trust (NYSE Arca: GLD) is a strong investment now.
The price of gold surged $15.60, or 1.41%, to $1,123.20 an ounce on Wednesday. Concerns of a currency war, a rout in global equities markets, and a slipping U.S. dollar all drove investors to the safe-haven money alterative.