Gold ETFs Lose Luster After June Nonfarm Payrolls Report
July 05, 2013 at 14:55 PM EDT
Gold prices and related exchange traded funds plunged Friday as the strong U.S. employment data pointed to an improving economy, raising speculation on a sooner-than-anticipated Fed quantitative easing withdrawal. The SPDR Gold Trust (NYSEArca: GLD) declined 2.7% during trading Friday. Meanwhile,...