Notable ETF Movers of the Day 08/30: (GLD) (UUP) (USO) Higher; (XLF) (XLE) Lower

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August 30, 2011 11:47 AM EDT

Gainers

SPDR Gold Shares (NYSE: GLD) up 2.33 percent to $177.94. Gold prices falling as investors expect further monetary policy easing, and reports that had consumer sentiment at its lowest level since April 2009.
PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.43 percent to $21.02. The U.S. dollar is trading stronger versus the euro today, as investors head for the dollar as a safe haven amid some further weakness in Europe.
United States Oil (NYSE: USO) up 1.59 percent to $34.50. Crude trading higher on mixed news today. Consumer confidence fell to near term lows, though housing prices fell less than expected for the twelve months ending in June. ExxonMobil (NYSE: XOM) and Rosneft also inked a deal to do more hydrocarbon exploration. October contracts are up $1.63 to $88.90 on the session.

Receders

Financial Select Sector SPDR (NYSE: XLF) down 0.98 percent to $13.17. Bank of America (NYSE: BAC) is leading the ETF lower today, following reports the FDIC has objected to it's proposed $8.5 billion settlement of Countrywide Financial mortgage bond litigation.
Energy Select Sector SPDR (NYSE: XLE) down 0.21 percent to $67.59. Being led by Chevron Corp. (NYSE: CVX) this morning, oil stocks are showing some weakness following consumer sentiment readings. Chevron is 0.9 percent lower Tuesday.

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