Gold ETFs Rise Following S&P Downgrade as Metal Nears $1,500

SPDR Gold Shares (NYSE: GLD), the largest exchange traded fund (ETF) for gold, rose to a new record high above $146 a share Monday while prices for the precious metal approached $1,500 an ounce after Standard & Poor’s lowered its credit outlook on the U.S. The gold ETF rose nearly 1% in...