Dollar Rally Dings Gold, Silver ETFs
October 31, 2011 at 10:06 AM EDT
A rising U.S. dollar following Japan’s latest currency intervention Monday acted as a headwind for gold and silver exchange traded funds. SPDR Gold Shares (NYSEArca: GLD) and iShares Silver Trust (NYSEArca: SLV) were down 1.4% and 2.8%, respectively, in the first hour of U.S. trading. “Gold and...
