Mystery Buyer Makes Huge Options Bet on Gold Hitting $4000 Last Wednesday an unknown person or hedge fund bought 5,000 options on gold hitting $4,000 an ounce by June 2021. On Wednesday, an unknown buyer made a $1.75 Million Options Bet That Gold Would Triple to $4,000. The gold options market saw $1.75 million in … Continue reading Gold Options
Gold’s climb to a six-year high may reflect its status as “a positive yielding asset” relative to much of the world’s debt, The connection between the precious metal’s price in New York futures trading and the dollar amount of bonds with below-zero yields. Gold rose above $1,400 an ounce last week as the Bloomberg Barclays … Continue reading Gold is Climbing
Gold’s rise to its highest price in more than five years showed central-bank policy changes. Gold for immediate delivery traded Thursday for as much as $1,394 an ounce, surpassing the high end of its trading range since October 2013, according to data compiled by Bloomberg. The precious metal rose after the Federal Reserve and the … Continue reading All That Glitters
