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With equity markets tumbling, escalating tensions between a Saudi - led Sunni bloc against Iran, ongoing hostilities in Syria, North Korea testing what it claims to be a hydrogen bomb, the once precious yellow metal is looking perky,» BBH strategists led by Marc Chandler said in a note on Thursday.
The S&P 500 and NASDAQ Composite indices
tumbled 3.2 % and 5.2 % respectively during the same period, which is a great example of why it pays to trade ETFs
with a low correlation to the direction of the stock
market when
equity sentiment turns bearish.