ProShares Ultra Gold (UGL): This ProShares ETF aims to deliver twice (200%) the daily performance, before fees and expenses, of gold bullion as measured by the U.S. Dollar fixing price for delivery in London. This ETF is structured as a partnership and it uses a combination of forward and futures contracts to execute its investment strategy. UGL was launched in December 2008 and its annual expenses are 0.95%.
Gold Shines as Markets Fade
As global economies around the world sputter and world central banks search for the answers, gold is on the rise.
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