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Bearish ETFs for Gold’s Lost Luster

Posted on 05 September 2014

Gold bullion and related exchange traded funds are under pressure as a stronger U.S. dollar makes purchases more expensive and demand dips overseas. The SPDR Gold Shares has declined 1.8% over the past month but is still up 5.2% year-to-date.
COMEX gold futures are currently trading around $1,266.8 per ounce. Bullion prices have been dipping as the U.S. dollar index rises to a near 14-month high, with the euro currency crossing below the psychological $1.3 level Thursday. Gold becomes more expensive for foreign investors as the USD strengthens………………………………………..Full Article: Source


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VRS - who has written 37214 posts on Opalesque Commodities Briefing.


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