U.S. Rate Hike Won’t Spoil Appetite for Gold, State Street Says
- Holdings in gold-backed ETF poised for third quarterly gain
- Investors have poured $12.4 billion into SPDR Gold this year
Why Gold Is Most Popular ETF of 2016
This article is for subscribers only.
Is the Federal Reserve poised to spoil the gold bulls’ party?
For the manager of the largest exchange-traded fund backed by the metal, not even a surprise increase in U.S. borrowing costs this month would be enough to damp investor appetite for gold.