SUBSCRIBERS
Gold seen hitting bottom after long slump
Short interest in the SPDR Gold Shares exchange-traded fund is near the lowest level since April
Published Fri, Mar 20, 2015 · 09:50 PM
New York
WITH gold showing signs of recovery after its longest slump in 17 years, investors are staking a claim that the precious metal is reaching a bottom.
Short interest in the SPDR Gold Shares exchange-traded fund is near the lowest level since April, according to data compiled by Bloomberg and Markit Ltd. Investors own about 680,000 options betting on a decline in the ETF, compared to about 1.4 million contracts wagering on a rise. That's around the lowest ratio of puts to calls since September, Bloomberg data show.
Share with us your feedback on BT's products and services
