Gold ETFs saw an inflow of 226.5 metric tons worth $21.1 billion in the first quarter, representing the largest quarterly inflow in three years in the first quarter.
There are several options in the leveraged gold and gold mining space to make quick profits, as these could see huge gains in a very short time frame compared to simple products.
Spot gold was trading flat Wednesday, continuing to consolidate in a sideways pattern after reaching record highs in April, partly propelled by China escalating its purchases of the commodity.
Spot gold was popping up above 0.5% at one point on Tuesday, propelled by escalating tensions in the Middle East following Tehran’s decision to deploy hundreds of drones and missiles toward Israel on Saturday night.
Direxion Daily Gold Miners Index Bull 2X Shares (ARCA: NUGT) was consolidating on Tuesday after closing Monday’s session on top of the 200-day simple moving average (SMA) –a level a stock or ETF rarely breaks through on the first attempt, which Benzinga
Direxion Daily Gold Miners Index Bull 2X Shares (ARCA: NUGT) has surged about 33% since Feb. 28, propelled by the price of spot gold, which has closed at a new all-time high each day this week.
Direxion Daily Gold Miners Index Bull 2X Shares (ARCA: NUGT) was rising about 1.2% higher on Wednesday, continuing to hold steady amid high volatility in the price of spot gold, which came ahead of the November jobs report set to print on Friday and the Federal Open Market Committee
Gold bullion is surging past $2,040/oz., nearing its all-time highs due to dollar weakness, Fed rate cut bets, plummeting yields and increased investor demand.
Direxion Daily Gold Miners Index Bull 2X Shares (ARCA: NUGT) was spiking about 3.5% higher on Tuesday, continuing to fly north within a rising channel pattern on the daily chart.
Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: NUGT) was sliding over 2% Tuesday as the Federal Reserve began its monthly meeting, where the Bank of America expects the central bank
Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: NUGT) gapped up 0.73% higher on Wednesday, where the ETF ran into a group of sellers who knocked it down toward Tuesday’s high-of-day.
Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: NUGT) was rising more than 1% on Tuesday in tandem with spot gold, which was moving about 0.5% higher, possibly on new warnings a
Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: NUGT) gapped down almost 6% lower on Friday, when the ETF ran into a group of buyers who knocked it down more than 4% from the open.
Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: NUGT) gapped up 2.45% higher on Wednesday, where the ETF ran into a group of sellers who knocked it down to trade mostly flat.
Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: NUGT) gapped up 3.4% higher on Wednesday, where the ETF ran into a group of sellers who knocked it down over 4% from the open.
Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: GOLD) closed 2.85% higher on Friday, in tandem with the price of spot gold, which has surged about 5% since Jan. 6.
The Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: NUGT) was trading down Thursday, in tandem with spot gold, which was declining about 1.5% to trade near the $1,785 mark.
