Correlation of GLD & IAU [physically-backed gold ETFs] with Gold Prices

The prices of GLD & IAU move in tandem with spot gold prices.

GLD and IAU hold large amounts of physical gold, impacting gold’s liquidity and price movement. Together, they hold 39.3% of the world’s gold ETF reserves, making them highly correlated with spot gold.

#gold #tradingstrategies

#DXY #educationmatters

#learntotrade