Bearish Gold Wagers Could Prove Ill-Timed
This article was originally published on ETFTrends.com.
Gold exchange traded products, including the SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU), are struggling, prompting some professional speculators to boost bearish bullion bets, but some market observers believe bearish bets against gold could prove regrettable. Heading into August, gold had notched four consecutive monthly losses and concerns are mounting regarding the near-term fate of [...]