Investors Are Pouring Into Gold
- Investors pour into SPDR Gold after four monthly outflows
- Most actively traded options bet on higher bullion prices
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The Federal Reserve has emboldened gold bulls.
Prices and trading volumes surged Thursday on call options giving holders the right to buy bullion at higher prices. On Wednesday, investors poured $413 million into SPDR Gold Shares, the largest ETF backed by the metal, recouping almost half of the money that exited last month.