Gold’s options market now shows strongest bearish bias since April

One-month danger reversals on gold proceed to fall on put demand.

According to facts supply Reuters, the gauge is presently buying and selling at -0.85 in desire of places (bearish bets), having peaked at 1.35 in want of calls (bullish bets) on Nov. 6.

The sharp slide is the end result of buyers including bets to function for losses in the safe-haven steel amid multiplied expectations for swift world monetary restoration on attainable coronavirus vaccines.

Gold is buying and selling at $1,768 per ounce at press time, the lowest stage on account that Sept. 6. The steel is down over 5.5% on a month-to-date basis.

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