Single-country ETFs are taking a hit from the volatility in gold prices, ETF Trends reports. The iShares S&P India Nifty 50 and the iShares MSCI Germany are some of the single-country ETFs tracking the largest net gold consumers and producers. ETFs tracking physical gold prices moved higher following the euro zone debt turmoil. The iShares MSCI Australia and the iShares MSCI South Africa are some of the country funds indexed to the largest net producers.

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