Fed Rate Hike Pulls Rug from Under Gold ETFs

Gold prices and commodity-related exchange traded funds retreated to a 10-month low after traders shunned the hard asset on prospects for further interest-rate hikes next year in the wake of the Federal Open Market Committee’s decision. On Thursday, the SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and ETFS Physical Swiss Gold Shares…