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Gold, oil ETFs pull back on Syria plan

Posted on 11 September 2013

ETFs tracking gold and oil were among Tuesday’s biggest percentage decliners amid reports that Syria has accepted a Russian proposal to hand over its chemical weapons, a move that could avert a U.S. military strike.
U.S. Oil Fund (NYSEArca: USO) slipped 2% while SPDR Gold Shares (NYSEArca: GLD) fell 1.8%. The iShares Silver Trust (NYSEArca: SLV) was off more than 3%. President Barack Obama will address the nation on Syria on Tuesday evening………………………………………..Full Article: Source


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VRS - who has written 38144 posts on Opalesque Commodities Briefing.


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