SHORT GOLD ETF
Short Gold ETF is an exchange traded fund whose purpose is to profit from gold prices that are negative. It is also referred to as inverse gold ETF or a gold bear ETF. Everyday, an adjustment of -100% is done to a short gold ETF to change the gold price. Prices may be based on a gold index’s price, gold futures and contracts, physical gold, or gold mining stocks. Investors purchase short gold ETF if he or she predicts a drop in gold prices.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 06:30 | Tertiary Industry Index | Apr | |
| 08:00 | Wholesale Price Index | May | |
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Consumer Confidence | May | |
| 10:00 | Trade Balance | Apr | |
| 11:00 | Current Account (sa) | Apr | |
| 11:00 | Industrial Production | Apr | |
| 14:15 | Housing Starts | May | |
| 14:30 | NY Fed Empire State manufacturing index | Jun |
