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The Chicago-based CME Group is reporting record trading for gold futures in November. Whether it is on the heels of tax reform back and forth or the Trump administration’s geopolitical adventures, the activity on the market does not correspond to the lackluster trading range in this market.
Gold futures and options average daily volumes reached 453,000, which is a figure that is higher by 11 percent when compared to the previous month. Gold futures accounted for 416,000 contracts per day.
Overall November activity was brisk, with the CME posting 21 percent month-on-month growth totaling 18 million contracts daily. Compared to last years’ ... (read more)