by Alasdair MacLeod
Gold Money
There is a Comex options contract expiry next week and 240,000 April contracts are yet to be sold, rolled, or stood for delivery. But after this disruption powerful bullish factors will return.
Gold rose this week, but silver declined. No doubt, the difference is that gold is being hoarded by central banks while silver is not. In this market report, we look at how this is affecting the two metals.
[…] Gold rose this week, while silver declined moderately. In European trade this morning, gold was $3030, up $45 while silver was down 83 cents at $33. Comex trading in both were moderate, despite gold hitting new highs at $3057 yesterday morning (Thursday).
The charts of price and open interest put current market action in context.