Gold exchange-traded funds gained 3 percent on Tuesday amid expectations of Federal Reserve measures next month to support the economy, ETF Trends reports. ETFs such as the SPDR Gold Shares, the ETFs Physical Swiss Gold Shares and the iShares Gold Trust rallied 3 percent.
Minutes of the August meeting of the Fed suggested that some of its officials supported intervening to provide more support for shaky financial markets. The options discussed included another round of Treasury bond buys and moving the Fed’s portfolio into longer-term bonds.
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