NEW YORK (TheStreet) -- Wild price swings in gold can cause investors to lose focus and lose money.Over the past 10 years gold prices have surged from $282 to a record intraday high of $1,264 an ounce, but daily volatility can lead to big trading mistakes. The gold market is ripe with peer-pressure buying. When gold makes a big double-digit move up or down, panicked retail investors can be tempted to either jump into the market for fear of missing the rally or to sell their positions because they don't want to be stuck owning "cheap" gold.
There are three physically backed gold ETFs traded in the U.S.:SPDR Gold Shares ( GLD)
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