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Gold Futures and Large-cap Growth: 2 ETFs to Watch on Outsized Volume

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In the last trading session, the U.S. stocks closed in the green, marking the fifth consecutive weekly gain. The extended rally can be attributed to continued reaction to the Fed's dovish stance and stronger–than-expected economic data. Among the top ETFs, investors saw (SPY - Free Report) gain 0.39%, (DIA - Free Report) move up 0.65% but (QQQ - Free Report) slightly fell 0.14% on the day.

Two more specialized ETFs are worth noting as both saw trading volume that was far outside of normal. In fact, both these funds experienced volume levels that were more than double their average for the most recent trading session. This could make these ETFs the ones to watch out for in the days ahead to see if this trend of extra-interest continues:

DGL: Volume 8.00 times average

This gold futures ETF was under the microscope on Friday as nearly 685,000 shares moved hands. This compares to an average trading day of 94,000 shares and came as DGL lost 0.15% on the session.

The movement can largely be blamed on the strength in the equity markets, which reduced the yellow metal’s appeal as a safe-haven asset. DGL was up 2.1% in the past month. The fund currently has a Zacks ETF Rank #3 (Hold).

SPYG: Volume 3.04 times average

This U.S. large-cap growth ETF was in focus on Friday as nearly 143,000 shares moved hands. This compares to an average trading volume of 49,000 shares and came as SPYG gained 0.29% in the session.

The movement can be attributed to a risk-on trade sentiment and building momentum in U.S. market that can have a big impact on the large cap growth stocks like the ones we find in this ETF portfolio. In the last one-month period, SPYG was up about 6.1%. The fund currently has a Zacks ETF Rank #3.

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