Stronger Dollar Trounces Gold, Silver, Platinum ETFs
September 09, 2008 at 18:00 PM EDT
The rising value of the U.S. dollar is making precious metal exchange traded funds (ETFs) look a little less appealing. Gold has now slumped to its lowest price in more than a year, following the government’s takeover of Fannie Mae and Freddie Mac, reports Feiwen Rong for Bloomberg. The dollar index, meanwhile, rose to a one-year high, [...]