Gold ETFs Weaken as Fed’s Fisher Hints at End to QE
August 06, 2013 at 16:30 PM EDT
Gold exchange traded funds are losing ground with gold futures dipping below $1,300 after a Federal Reserve official hinted that it is closer to tapering the bond purchasing program. The SPDR Gold Shares (NYSEArca: GLD) was down 1.5% Tuesday. GLD has declined 22.4% year-to-date. Federal Reserve...