Gold ETFs in Three-Day Tailspin as $1,600 Breached

Gold ETFs and other precious metals were down sharply for the third straight session on Wednesday as bullion slipped below $1,600 an ounce. SPDR Gold Shares (NYSEArca: GLD) was down 1.3% at the open and iShares Silver Trust (NYSEArca: SLV) fell 2%. The metals ETFs have been hit by the latest...