February 15, 2013 at 14:10 PM EST
Gold ETFs Drop 2% as Prices Test $1,600 an Ounce
Gold ETFs were down nearly 2% on Friday as April futures contracts briefly dipped below $1,600 an ounce. The precious metal ETFs were on track for weekly declines of about 4%. Gold was weak following reports that George Soros cut back his position in the largest bullion-backed ETF. [Gold ETFs and...
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