When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
UGLD - Gold Gets A Boost Of Rocket Fuel From Negative Bond Yields
VelocityShares 3x Long Gold ETN Linked to the S&P GSCI® Gold Index ER
Ladies and gentlemen, we have liftoff!
After breaking out of a five-year trading range, the price of gold surged above $1,400 an ounce last week for the first time since 2013 on expectations of a U.S. rate cut. The 10-year Treasury yield fell to around 2 percent, its lowest level since November 2016. Meanwhile, the pool of negative-yielding government bonds around the world hit a fresh record high of $13 trillion.
Gold "may finally be off the leash," Bloomberg's commodities columnist David Fickling wrote last Thursday after the yellow metal rallied above $1,350, a number