Precious Metal ETFs Fall as U.S. Dollar Gains Strength
This article was originally published on ETFTrends.com.
A strong U.S. dollar on Thursday caused precious metals to fall as seen in exchange-traded funds (ETFs) like the SPDR Gold Shares (NYSEArca: GLD) and the iShares Silver Trust (NYSEArca: SLV). GLD fell 1.36 percent while SLV fell 1.71 percent. Gold prices reached a three-week low and silver touched down to a three-month low as the dollar [...]