Gold and Silver ETFs Hit Fresh Lows as Prices Tumble
Gold and silver prices fell Friday amid rising inflation concerns and expectations of another interest-rate hike. GLD reached a 52-week low, while SLV fell to an 11-month low.
Gold and silver prices tumbled on Friday as rising inflation concerns and expectations of another interest-rate hike weighed on precious metals.ETFs tracking precious metals fell sharply, with the SPDR Gold Shares (GLD) hitting a fresh 52-week low while the iShares Silver Trust (SLV) slumped to its…