19.7.16

[GOLD] Investors Pull Money Out of Gold ETF SPDR Highest in Eight Months

Is it time to apply the Contrary Trading Strategy in Gold?

With improving economic outlook in the U.S, investors have pulled nearly $800 million out of Gold ETF SPDR in last week. Gold ETF holding slipped 4 tons last week. Traders have bet that the Fed will raise interest rates by December.

But Gold may still gain on geopolitical concerns that can fuel haven demand and that it may be a good opportunity to buy Gold.
Money outflow from Gold ETF SPDR