Gold ETFs (UGL) (GLD) (GDX) (GDXJ) Soar

Shares of gold ETFs ProShares Ultra Gold (NYSE:UGL), SPDR Gold Trust (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX) and Market Vectors Junior Gold Mine (NYSE:GDXJ) 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.

ProShares Ultra Gold (UGL) closed Wednesday at $76.66, gaining $0.95, or 1.25 percent. SPDR Gold Trust (GLD) ended the day at $145.60, up $0.86, or 0.59 percent. Market Vectors Gold Miners ETF (GDX) closed at $55.39, rising $0.38, or 0.69 percent. Market Vectors Junior Gold Mine (GDXJ) closed at $35.39, gaining $0.92, or 2.67 percent.