Traders Exit Gold ETFs as Dollar Leaves Metal `by the Wayside'
- Exchange-traded funds backed by bullion drop for eighth week
- Gold futures post lowest close this year, miners fall
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Gold buyers are moving to greener pastures.
Investors dumped exchange-traded funds backed by the metal for the eighth straight week, the longest stretch of outflows since January 2014. The exodus comes as appetite for the metal wanes amid a strengthening dollar and solid demand for equities.