Bloomberg reported that JPMorgan Chase & Co has sold $35 million one-year notes linked to the price of gold, which marks the highest level in three years.
As quoted in the market report:
The bank sold $82.4 million of notes tied to gold in eight offerings last year, according to data compiled by Bloomberg. New York-based JPMorgan issued $27.8 million of one-year securities on Oct. 26, the next-largest deal since 2010, when Bloomberg began collecting comprehensive data on U.S. structured notes.
There Is No Guide to Gold That is More Concise, Clear and Authoritative.Download our FREE Special Report, Is Gold a Good Investment? Gold Price Forecast 2015 .