Gold trading volumes continue to rise
“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.