Markets

Fed Rate Hike Pulls Rug from Under Gold ETFs

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Gold prices and commodity-related exchange traded funds retreated to a 10-month low after traders shunned the hard asset on prospects for further interest-rate hikes next year in the wake of the Federal Open Market Committee's decision. On Thursday, the SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and ETFS Physical Swiss Gold Shares… Click to read more at ETFtrends.com.

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This article was provided by our partner Tom Lydon of etftrends.com.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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