Gold ETFs Retreat on Strengthening USD, Rate Hike Outlook
October 04, 2016 at 14:01 PM EDT
Precious metals exchange traded funds plunged Tuesday, with gold breaking below a key support at $1,300 per ounce, as the U.S. dollar strengthened on improving economic data and speculators looked to higher interest rates. On Tuesday, the SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust...