SPDR Gold Trust, SPDR Gold Shares

With inflation surging beyond expectations and economic growth faltering, the Fed may keep rates higher for longer. This stagflation-like scenario may bode well for these ETF areas.

Related tickers: QQQ, GLD, SPY, DIA, USO, VYM, IBIT.

Editor’s note: This story has been updated to correct an error in Personal Consumption Expenditure data. The U.S. economy grew in the first quarter of the year, albeit at a markedly slower pace compared to the final quarter of 2023 and below economists’ predictions. The annualized growth rate of the Gross Domestic Product (GDP) stood at 1.6% for the recently concluded quarter, according to the advanced estimates released by the Bureau of Economic Analysis on Thursday. Q1 2024 GDP: Key Highlights A growth rate of 1.6% in Q1 marks a notable slowdown from the 3.4% in the final ...Full story available on Benzinga.com

Related tickers: GLD, UUP, META.