Gold ETF (GLD) Hits New 52-Week High

For investors seeking momentum, SPDR Gold Shares (GLD) is probably on the radar. The fund just hit a 52-week high and is up 70.79% from its 52-week low price of $236.13/share.But are there more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:GLD in FocusThis ETF is designed to track the spot price of gold bullion. The product charges 40 bps in annual fees (See: All Precious Metals ETFs).Why the Move?Gold has be ...