Popular Stocks: Gold Price Surges Above $4,600! 3 Gold ETFs See Sharp Rise, 00708L Up 10% Weekly

Investors typically watch gold as a safe-haven asset, especially when there are shifts in interest rates or currency values. This week, due to the U.S. Treasury Department's announcement of expanding long-term repo operations, both long-term interest rates and the dollar index weakened simultaneously. As a result, international gold prices surged past the $4,500 and then the $4,600 marks, leading to significant gains in three popular gold exchange-traded funds (ETFs). One specific ETF, 00708L, saw a weekly increase of 10%.