Funds Step Back From Gold Before Yellen Says Rate Rise Is Coming

Bloomberg-News

Jeff Sica was quoted in Bloomberg. To read the full article, please click here. 

“Bullion ended the losing steak as it surged into a bull market in March. Even with losses in May, prices are still up 14 percent this year amid an “anemic” recovery for global growth.” Concerns over economies in Europe and Asia spurred demand for the metal as a haven, and investors poured $8.9 billion into SPDR Gold Shares this year, the most of all the exchange-traded funds tracked by Bloomberg.

 

Bloomberg

Jeffrey C. Sica is the President and Chief Investment Officer of Sica Wealth Management, LLC (“SWM”), an SEC registered investment adviser that maintains a principal place of business in the State of New Jersey. The information presented herein may not be suitable for all investors, and no portion of this commentary is to be construed as a solicitation to buy or sell a security, or the rendering of personalized investment, tax or legal advice. Past performance does not guarantee future results, as there can be no assurance the views and opinions expressed herein will come to pass. Investing involves risk, including the potential loss of principal. Please consult a financial professional prior to investing.