Gold Options Signal Resilient Rally in Bull-Market Bet: Chartby
Gold may soon shake off its almost three-year-old bear market, if options are any indication. Volume in calls giving investors the right to buy gold at $1,300 an ounce soared on Thursday to the highest since they started trading in July 2014, while the price tripled. Futures for April delivery surged as much as 4.7 percent to $1,251.10 on the Comex. A close at $1,259.52 would signal a 20 percent gain from a recent low and meet the common definition of a bull market.