- With equity investors back to the business of buying low and selling high, the Fed prepped for a rate hike, and dollar strength continuing, the gold bid is disappearing.
- A 1.5% decline today to $1,066 per ounce has brought the yellow metal to its lowest level in six years. GLD -1.4%
- Gold is lower by 18% since an early 2015 rally took it all the way past $1,300 per ounce.
- ETFs: GLD, IAU, PHYS, SGOL, UGL, DGP, GTU, GLL, UGLD, DZZ, GLDI, OUNZ, DGL, DGZ, DGLD, AGOL, GEUR, UBG, GYEN, QGLDX