Gold ETFs try to Contend With the Fed

Markets ETF Trends

As expected, the Federal Reserve boosted interest rates on Wednesday and as expected, gold and gold exchange traded funds are not taking the news in stride. For example, the SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and ETFS Physical Swiss Gold Shares (NYSEArca: SGOL) and other gold exchange traded products lost 1%…Click to read more at ETFtrends.com.

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