Gold traders raise bets prices will soon drop to $1,000

Investors are boosting bets gold will soon drop to US $1,000 an ounce, options data show, as the U.S. Federal Reserve looks set to hike interest rates next week for the first time in nearly a decade. Gold has already lost 9 per cent this year, as investors expect higher prices to dent demand for the non-interest-paying metal...Read More