Gold trading volumes continue to rise

World Gold Council/GoldHub/Adam Periaky/9-9-2019

“Trading volumes continued to increase to begin September, 108% above the 2018 average, driven by COMEX and Shanghai Futures Exchange volumes. COMEX net longs inched up to all-time highs for a second week in a row (long 1,134 tonnes).  Futures open interest continues to move higher at $119bn, driven mostly by COMEX, and is 60% above the 2018 average.”

USAGOLD note:  Useful information courtesy of the World Gold Council . . .Professional money seeks paper as well as physical metal. Keep in mind that the data is about a week old.

Bar chart showing money manager gold net longs on the COMEX 2015-2019

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