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Gold Bugs Flock to streetTracks

Stock quotes in this article: IAU , GLD , VGPMX , ACGGX , OPGSX  

Last month's interest rate cut by the Federal Reserve appears to have sparked concerns about inflation among the gold bugs.

Funds that invest in gold, a traditional hedge against rising consumer prices and general financial market turmoil, took in roughly $1.2 billion in September.

But the overwhelming bulk of the cash went to a single exchange-traded fund, the streetTracks Gold Shares(GLD Quote) ETF. The fund, which holds almost 600 tons of gold bullion, took in an additional $1.017 billion during last month alone, according to new data from the Boston-based Financial Research Corp. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,471.50 1,106.41 2,190.31 35.40
Oil *
71.66
UP
65.67
UP
4.06
DOWN
0.55
UP
0.58
10 Yr
3.54%
SPDR Gold
109.32
+0.63%
+0.37%
-0.03%
+1.67%
Data delayed 20 minutes

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