Today, Morningstar shows the % gold spot price increase as 1.38%. So, why did IAU and GLD retreat by -.19% and -.17% respectively. I don't expect them to increase or decrease commensurately all the time, but a daily difference of over 1% is significant and the dislocation is more then a bit troubling. Is this a drawback of ETF's, or are Morningstar's numbers just incorrect or what?
Thanks much for any insight and Happy Thanksgiving!
Maestro G
[color=orange]Never mind, I see now that MS has updated their spot gold price to reflect -.08% today, so I guess it's just a delayed timing issue. [/color]
Cheers!
