With the trade war starting to eat into the earnings of U. None of that means that gold is heading to the moon.
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Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image. You are now subscribed to our newsletters. Premium Premium Day trading guide for Friday: 8 stocks to buy or sell t Premium Future told to halt asset sale process. Amid a volatile stock market, Europe's debt woes and concerns about a weak U. Granted, the gold market is small compared to stocks or bonds, so it can be dramatically influenced much more easily -- but the numbers can't be disputed -- a gold rush is on.
In the last week, traders bought , contracts for gold futures and options in the Chicago Mercantile Exchange. As of the end of trading Wednesday, investors held , contracts on COMEX gold, nearing an all-time high of , contracts in November , according to figures tracked by the Commodity Futures Trading Commission. Meanwhile, exchange traded funds linked to physical gold had their fourth best week on record, as measured by the dollar amount flowing into those funds.
The company actually had to close down early on Saturday afternoon because it received more orders than it could handle on a single weekend. And the buying continued into Monday.
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