SPDR Gold ETFs Shares prices Down september 7 2011

SPDR Gold ETFs Shares prices Down september 7 2011, Gold ETFs Down ; Gold exchange traded funds were off 2% in Wednesday’s preopen in volatile action after a German court rejected lawsuits seeking to prevent Germany from participating in the bailouts of European countries.

SPDR Gold Shares (NYSEArca: GLD) slipped 2.4% before the opening bell while gold futures traded around $1,840 an ounce. Prices jumped to a record above $1,920 an ounce on Tuesday, highlighting the recent swings in the precious metal.


Spot gold fell sharply on Wednesday to as low as $1,826 an ounce, nearly $100 lower than the all-time high set the previous day, Reuters reported.Gold prices have been volatile while the dollar has strengthened in the wake of the Swiss National Bank’s decision to put a specific cap on the franc’s gains versus the euro.