Gold Bulls Lying in Wait for End-of-Month Rate Cut
July 25, 2019 at 11:11 AM EDT
As the Federal Reserve ponders a possible rate cut following its meeting near the end of the month, gold bulls are lying in wait and ready to pounce with leveraged exchange-traded funds (ETFs). Funds like the Direxion Daily Gold Miners Bull 3X ETF ( NUGT C+ ), VanEck Vectors Gold Miners ( GDX B+ ) and the Direxion Daily Jr Gold Miners Bull 3X ETF ( JNUG B- ) are certainly in play.
