Outlook is far From Golden for Gold ETFs
October 07, 2014 at 12:30 PM EDT
After tumbling 9% during the third quarter, the outlook for physically-backed gold exchange traded funds such as the SPDR Gold Shares (NYSEArca: GLD) and the iShares Gold Trust (NYSEArca: IAU) is growing darker. Since mid-March, gold has slid 13%, easily beating the 10% decline need to fit the...