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Gold Rallies on Debt Fears as Massive Bearish Options Bet Emerges

Moneycontrol Read original source (opens in a new tab)
The Story

News Summary

  • Gold hit multi-month highs driven by US fiscal debt concerns and dollar-debasement fears.
  • However, a massive $58 million bearish call spread on the SPDR Gold ETF indicates institutional expectations for a short-term pullback despite strong macro tailwinds.
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XAUUSD price history

4303.10 -9.59% over the displayed period

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