By SIMON CONSTABLE
Why did gold prices fail to rally on news that the coronavirus had morphed into a pandemic? It’s the opposite of what many would have expected.
Gold-oriented mutual funds and exchange-traded funds posted average total returns of minus 21.4% in the first quarter, according to Lipper data—in line with or worse than many fund categories. The average U.S.-stock fund, by comparison, fell nearly 24.6%. Read more here.
Why did gold prices fail to rally on news that the coronavirus had morphed into a pandemic? It’s the opposite of what many would have expected.
Gold-oriented mutual funds and exchange-traded funds posted average total returns of minus 21.4% in the first quarter, according to Lipper data—in line with or worse than many fund categories. The average U.S.-stock fund, by comparison, fell nearly 24.6%. Read more here.
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