Tuesday, 22 May 2012

Odd price moves on physical gold ETFs: SGLD, PHAU and PHGP

The gold price dipped below £1000 per ounce again this morning with both ETF Securities dollar and sterling etfs dropping as the dollar index spiked (above) and stock markets bounced starting in the US, may be inspired by US gains on  G8 and talk of Eurobonds.

But this is an excuse to post some odd physical gold ETF price moves from the recent past... however it starts with another mention of the common phenomenon of Fresnillo's price jumping as it did  at the end of trading yesterday (pic below) but peculiar price leaps in gold ETFs (listed below) seem to have calmed a bit - for now at least.