ETF Trends
ETF Trends

Commodities exchange traded funds started the week strong as gold, silver and oil prices rose while the U.S. dollar weakened against most rivals on Monday.

SPDR Gold Shares (NYSEArca: GLD) was up 1% in afternoon trade as gold prices were trying to retrace their recent pullback from about $1,800 an ounce. Gold was rising Monday as investors marked the 40-year anniversary of the end of the gold standard for the U.S. dollar.

Gold was also shaking off a recent margin increase for futures contracts. [How Will Margin Hike Impact Gold ETFs?]

In currency ETFs, PowerShares DB US Dollar Index Bullish (NYSEArca: UUP) was off about 1%. The euro strengthened against the greenback one day before a key meeting between French and German leaders on the debt crisis.  [Have Stock ETFs Put the Fear Behind Them?]

Elsewhere in commodities, iShares Silver Trust (NYSEArca: SLV) rose 1.1% on Monday while U.S. Oil Fund (NYSEArca: USO) rallied nearly 3%.

Showing Page 1 of 2