“When we have global deflation concerns and the slowdown in global economic activity and governments are all running to devalue their country’s currency to try to stimulate economic growth, they’re dealing with negative interest rates, and that’s been driving gold,” said Frank Holmes, chief executive and chief investment officer of U.S. Global Investors, which runs the U.S. Global GO GOLD and Precious Metal Miners ETF -- the third-best performing non-leveraged equity ETF in the U.S. so far this year.
This article was provided by Bloomberg News.