Gold ETFs (IAU) (SGOL) (DGL) (DGP) Trade Up

Shares of gold ETFs iShares COMEX Gold Trust (NYSE:IAU), ETFS Physical Swiss Gold Shares (NYSE:SGOL), PowerShares DB Gold (NYSE:DGL) and DB Gold Double Long ETN (NYSE:DGP) traded higher Wednesday as gold, silver and the majority of other commodity prices were up on the day.

PowerShares DB Gold Double Short ETN (NYSE:DZZ), ProShares UltraShort Gold (NYSE:GLL) and PowerShares DB Gold Short ETN (NYSE:DGZ) all closed down as expected on an up gold day.

June gold climbed $15.80 to $1,495.80 per troy ounce, a 1.1 percent gain on the Comex division of the New York Mercantile Exchange. The less traded May contract was up $15.80, or 1.1 percent, to $1,495.60 a troy ounce.

The silver contract for May delivery gained $1.61, or 4.8 percent, to $35.10 a troy ounce.

The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in gold and silver prices going up.

DB Gold Double Long ETN (DGP) closed Wednesday at $46.20, rising $0.61, or 1.34 percent. PowerShares DB Gold (DGL) ended the trading session at $52.39, gaining $0.28, or 0.54 percent. ETFS Physical Swiss Gold Shares (SGOL) closed at $148.43, up $0.90, or 0.61 percent. iShares COMEX Gold Trust (IAU) closed at $14.59, increasing $0.09, or 0.62 percent.