Craze for safety adds to popularity
Posted: Thu Jun 03, 2010 4:31 am
The growing uncertainty about the global economy and the weakening Indian rupee against the US dollar has set the gold prices soaring to record highs, hugely benefiting the investors of Gold Exchange Traded Funds (ETFs). In the past one month alone, gold ETFs have clocked in about 8.7% gains, strengthening its role as a hedge against inflation as well as equity markets as Sensex has declined by about -5.6% during the same period. more visit http://www.capitalvia.com