ETF Espresso: Gold, Silver Set to Recover Some Losses | ETF Trends

Exchange traded funds indexed to gold and silver prices were poised to open higher Tuesday after trading lower in recent sessions on deflation concerns.

In premarket trading, SPDR Gold Shares (NYSEArca: GLD) added 0.9% while iShares Silver Trust (NYSEArca: SLV) rose 2.3%.

Gold prices climbed back above $1,600 an ounce but is on track for its first quarterly pullback since 2008.

In currencies, the euro strengthened after the European Central Bank was seen supporting bond markets through the International Monetary Fund.