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Gold can't hold gains, dives back under $1,300

Jun. 16, 2016 2:23 PM ETGLD, IAU, GTU, DGL, DGP, DZZ, DGZ, UBG, UGL, GLL, SGOL, PHYS, UGLDF, DGLDF, OUNZ, GYEN, GEUR, GLDI, QGLDXBy: Stephen Alpher, SA News Editor41 Comments
  • Up near $1,320 at the high this session, gold has turned tail over the past few hours, and is now flat at $1,289.
  • Gold's move higher came amid more macro jitters - Brexit fears and plunging interest rates - and the reversal came as those jitters eased.
  • Behind the eased macro tensions could be the murder of a pro-"Remain" Labour MP in the U.K. this afternoon, and what that might do to turn out the "Remain" vote. For now, both camps are suspending their campaigns.
  • ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, UGLD, GLL, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, GYEN, GEUR, UBG, QGLDX

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