Gold ETFs Retreat on Rising Rate Outlook
August 23, 2018 at 16:04 PM EDT
Gold and gold miner related ETFs plunged Thursday as trade talks and a rising rate outlook helped bolster the U.S. dollar. The SPDR Gold Shares (NYSEArca: GLD) fell 0.9% Thursday as Comex gold futures dropped 1.0% to $1,191.6 per ounce. Meanwhile, the VanEck Vectors Gold Miners ETF (NYSEArca: GDX),...