Big Bets on Leveraged Gold Miners ETFs Go Awry

The SPDR Gold Shares (NYSEArca: GLD), the world’s largest ETF backed by physical holdings of gold, fell 3.3% and is now off nearly 10% from its January highs. Even with Monday’s modest upside, gold futures have traded lower in seven of the past 11 session. Improving labor data are fueling Federal...