RECENT NEWS
50-Year High In Central Bank Gold Purchases
Strengths The best performing metal this week was palladium, up 2.04 percent as hedge funds increased their net-long position in the futures market to a five-week high. Gold traders and analysts are mostly bullish going into next week in the Bloomberg survey amid mixed signals over progress in the U.S.-China trade war. The yellow metal climbed sharply early in the week after President Trump said that he would be willing to wait another year bef [...]
Markets Bet That Gold Could Triple to $4,000
November 27, 2019, 10:32 AM PST Updated on November 27, 2019, 4:00 PM PST The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year, surpassing the record. Around noon in New York Wednesday, 5,000 lots of a gold option giving the holder the right to buy the precious metal at $4,000 an ounce in June 2021 changed hands. The bets were sold at $3.50 an ounce. “It’s like 18-month te [...]
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