Safe-haven demand for the U.S. dollar is boosting the currency and pressuring gold prices in the process. The PowerShares DB US Dollar Index Bullish Fund (NYSEArca: UUP) jumped 2.1% last month and it currently resides near its highest levels in a year. [Time to Shine for Dollar ETFs]
SPDR Gold Shares
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.