Gold Jumps 1.8 Percent on Physical Buying, Options-Related Activities

Precious Metals

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:

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

To view the whole Reuters report, click here.

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