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Gold ETFs Up 2% As ECB Retains Rate

Gold sector exchange-traded funds spiked 2 percent on September.

Gold sector exchange-traded funds (ETFs) spiked 2 percent on September 8, ETF Trends reports. The move comes after the European Central Bank’s (ECB) focus turned to interest rates and the U.S. economy. ETFs linked to the euro fell after the ECB held interest rates steady at 1.5 percent.

The SPDR Gold Shares rose 2 percent. The precious metals ETF reported a gain of 27.7 percent year-to-date. The ETFS Physical Swiss Gold Shares and the IShares Gold Trust are some of the other ETFs tracking gold prices.

Click here for the story from ETF Trends.

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