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Gold seen hitting bottom after long slump

Short interest in the SPDR Gold Shares exchange-traded fund is near the lowest level since April

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PHYSICAL DEMAND: India and China accounted for 60 per cent of global jewellery purchases last year, up from 28 per cent a decade earlier, according to a report from the World Gold Council.

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

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