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Gold Jumps 1.8 Percent on Physical Buying, Options-Related Activities
Apr. 25, 2013 10:43AM PST
Precious MetalsReuters reported that gold bounced up 1.8 percent in Thursday trading, supported by a number of influences, including physical demand and option-related activities.
As quoted in the market report:
Reuters reported that gold bounced up 1.8 percent in Thursday trading, supported by a number of influences, including physical demand and option-related activities.
As quoted in the market report:
Today’s rally can mostly be attributed to options-related activities, and we continue to have strong physical demand, but I don’t think it’s enough at the end of the day to hold the market up,” said Frank McGhee, head precious metals trader at Integrated Brokerage Services LLC.ndo
