Examining GLD In Relation To The U.S. Dollar And Russia
Summary
- The recent developments in Russia may also play a role in the progress of GLD.
- The upcoming non farm payroll report could bring further down GLD.
- Let’s examine the relation between GLD and U.S. dollar.
By Lior Cohen
The price of the SPDR Gold Trust (NYSEARCA:GLD) declined by only 3% during 2014. Nonetheless, the ETF also recorded an 11% drop in