Gold prices have been on a tear. Some traders are wagering the run will continue. There's been a rush into options bets that would likely pay out if prices kept rising. Trading in call options tied to one of the largest gold exchange-traded funds—trades that give the right to buy shares at a given price, by a stated date—surged to an all-time high late last week.
Gold prices just wrapped up their biggest daily gain since April 2020, when panicked investors were hoarding the precious metal during the Covid market meltdown.
Sector ETF report for IYG
- The U.S. dollar fell to a three-year low Friday. - Gold ETFs have benefited from the lower dollar. - Currency ETFs are also reacting positively to the move.
- President Donald Trump announced a 90-day delay on most tariffs. - The S&P 500 had its best day in years on Wednesday. - The rally followed a steep four-day selloff.
The Invesco QQQ Trust (QQQ) experienced outflows of $4.2 billion. Here are the daily ETF fund flows for April 9, 2025.
The March 2025 US jobs report revealed a robust addition of 228,000 jobs, surpassing economists' expectations of 140,000 and the 12-month average of 158,000.
Allspring Global Investments senior portfolio manager Bryant VanCronkhite sits with Brad Smith on Wealth to discuss how investors can navigate market uncertainty. The portfolio manager suggests focusing on moving capital into companies that will benefit from the eventual acceleration of the lower-end consumers, like those in the homebuilder (XHB) and healthcare (XLV) sectors. To watch more expert insights and analysis on the latest market action, check out more Wealth here.