Gold Option Traders Bet Post-Election Slump Isn’t Over: ChartBy
The options market shows that gold’s post-U.S. election slump, which caught many forecasters by surprise, has further to go. Puts betting on a 10 percent drop in futures prices are near the most expensive in a year relative to calls wagering on a 10 percent gain. “The market is getting bearish on the lows,” said David Govett, head of precious metals trading at Marex Spectron Group Ltd. in London.
— With assistance by Cecile Vannucci