Gold ETFs Down as Metal Surrenders $1,700 an Ounce
November 21, 2011 at 11:19 AM EST
Precious metals exchange traded funds sold off Monday along with global equities as gold futures dropped below the key level of $1,700 an ounce. SPDR Gold Shares (NYSEArca: GLD) fell 2% while iShares Silver Trust (NYSEArca: SLV) dropped nearly 5%. Metals ETFs were hurt by a rising dollar while...