10.08.2016 - Pros Bet on Gold ETF Rebound
Gold exchange traded products such as the SPDR Gold Shares, iShares Gold Trust and ETFS Physical Swiss Gold Shares have retreated a bit in recent days as the July jobs report is stoking speculation the Federal Reserve could raise interest rates this year. However, data indicate professional traders are betting gold will rebound. Gold and the miners group slipped Friday on rising bets the Fed would raise interest rates soon, with some eying a September rate hike, after the U.S. economy added 255,000 jobs in July...............................................Full Article: Source
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