Gold: The Best Hope for Beleaguered Bulls

Gold: The Best Hope for Beleaguered Bulls

The gold rout accelerated in July, with the yellow metal hitting its lowest level since 2010 and suffering its worst monthly decline since 2013. Speculators are now net short gold for the first time since the government began tracking data in 2006, Bloomberg reports, and holdings in gold ETFs like the GLD are at the lowest level since 2009.

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