Gold Is Back in Vogue
- Trading volume almost double the 100-day average, data show
- Traders roll futures contract from December to February
Photographer: Simon Dawson/Bloomberg
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Bulls haven’t quite given up on gold yet.
As of 2:20 p.m. in New York, volume on the Comex was 52 percent above the 100-day average for this time of day, as traders and investors roll their positions into February futures from the December contract that’s expiring on Monday. Aggregate open interest is headed for a third straight quarterly gain, the longest stretch since 2009, while holdings in exchange-traded funds are near the highest in a year.