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Zacks News
Gold Rally to Continue: Leveraged ETFs to Make Profits
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We have highlighted a bunch of the best-performing leveraged equity ETFs that have gained 50% or more in the third quarter.
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Wall Street surged last week marking strong weekly gains as market watchers raised its expectations for a significant interest rate cut by the Federal Reserve.
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Gold ETFs have been enjoying a huge rally amid Fed rate cut bets in September.
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The yellow metal hit a new all-time high of $2,521.00 per ounce driven by a weak dollar and safe-haven demand, with many analysts expecting more upside in the months ahead.
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The second quarter proved to be a banner quarter for Wall Street, with the S&P 500 and the Nasdaq Composite Index scaling new record highs on several occasions.