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Gold ETFs rebound as prices test $1,600 an ounce

Posted on 27 February 2013

Gold ETFs have rebounded somewhat early this week with the precious metal testing $1,600 an ounce following two weeks of declines. SPDR Gold Shares (GLD) is down 9% over the last three months.
Gold futures have been under pressure recently on lower safe-haven demand as the global economy recovers, reports Debarati Roy for Bloomberg. Gold dipped below $1,600 on speculation the Federal Reserve will wind down its quantitative easing earlier than anticipated………………………………………..Full Article: Source


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