Precious metals ETFs listed in New York

- Sophia Morrell
- 04 Dec 2008

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The value of the Proshares Ultra Gold and UltraShort Gold is determined by the US dollar price of gold bullion, known as the London gold "fix" which is set in London each trading day at 3.00. The silver funds also use the same equivalent measure for the metal, which is set in London each trading day at midday.

Gold performance has been extremely volatile throughout the financial crisis. The S&P GSCI Gold Index finished November 2008 having increased 13.77%, whereas it fell 18.4% throughout

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