Gold-backed ETFs are again in focus as gold (or Au) continued its climb with a bullish trajectory towards a record high, with investors increasingly turning to such funds as a hedge against stock market volatility driven by technology stock valuations and US interest rate cuts, according to a Bloomberg report. • SPDR Gold Shares stock is showing upward bias. Where is GLD stock headed?Spot gold strengthened as much as 1.2% on Monday, approaching a level seen in October, in a continuation of a streak of gain ...

US stocks fell on Wednesday, as Wall Street digested mixed messaging from Fed officials on US interest rates. The S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) declined by over 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) dropped 0.5%. The declines marked a reversal from the indexes' earlier gains. Debate over the prospects for US interest rate cuts — the big focus for markets right now — appeared to pressure stocks. Comments from Federal Reserve officials this week have hinted at g ...