Professional Traders Really Hate Gold
July 27, 2015 at 07:00 AM EDT
Last Friday, the SPDR Gold Shares (NYSEArca: GLD) and the iShares Gold Trust (NYSEArca: IAU) lost over $302 million in combined assets. That is just one day of data, but it underscores just how much investors dislike bullion right now. “Hedge funds are holding the first ever bet on a decline...