Gold Traders Are Betting on a Bigger Comeback
- Eight of 10 most-traded gold options Monday were bullish bets
- Put-to-call ratio for top gold ETF is near lowest since 2008
JPMorgan: Gold Rally Breaks the Bullion Downtrend
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Gold just reached its highest price in seven months, and investors are betting there are more gains to come by April.
Eight of the 10 most-traded gold options in New York on Monday were bets on further price gains as the metal topped $1,200 an ounce for the first time since June. More than $2.6 billion was poured into exchange-traded funds tracking precious metals this year, and bullion assets held through ETFs are at the highest since July.