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Gold bears dig in as bullion funds lose another US$6b

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Published Tue, Aug 4, 2015 · 09:50 PM

    Chicago

    SPECULATORS keep punishing gold.

    Money managers stayed net-short on bullion for a second week, after going bearish for the first time since the US government data begins in 2006. The value of exchange-traded products (ETPs) tracking gold slumped US$6 billion last month, the most since September, data compiled by Bloomberg show.

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