Gold Surrenders $1,600 as ETFs Languish Under 50-Day Trend

Gold prices fell below $1,600 an ounce Thursday on lingering disappointment the Federal Reserve didn’t announce more easing measures aside from extending Operation Twist. Gold ETFs such as SPDR Gold Shares (NYSEArca: GLD) were down more than 2% in afternoon trading. GLD has been encountering solid...