Gold ETFs Lose Their Luster in Risk-On Environment
February 16, 2016 at 15:31 PM EST
Gold-related exchange traded funds were tarnished Tuesday as a risk-on sentiment helped drive growth assets and weighed on safe-haven investments. The SPDR Gold Shares (NYSEArca: GLD) fell 2.8% Tuesday as Comex gold futures dropped 2.9% to $1,204.1 per ounce. Meanwhile, the Market Vectors Gold...