Commodities
Retail Crowd Scoops Up CME’s Micro Gold Contract as Precious Metal Soars
- Daily average volume year-to-date hits an all-time high
- Bullion has rallied about 25% this year to a record high
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Retail investors are pouring into CME Group Inc.’s micro gold futures contract while the precious metal sets another record.
The average daily volume — an important metric used to assess the liquidity and activity level of a derivative — stood at 99,527 contracts as of Sept. 11, surpassing the amount for all of 2020 when it reached an all-time high of 86,101 lots, according to data from the US’s largest derivatives exchange.