The U.S. Comex gold futures surged one percent on Monday and ended at $1,096.20 on Tuesday after dropping four percent last week.
The U.S. Comex gold futures has declined 1.21% this week to $1,143.90 and has fallen 2.38% month-to-date.
China shocked the bullion market by declaring today its official gold holdings for the first time in 6 years - the surprise was less that they had done so, and more at the incredibly small figure which is less than half the market consensus. China last...
The U.S. Comex gold futures fell 0.48% last week and dropped a further 0.38% this week to $1,153.50 on Tuesday. The implied volatility of the gold futures has been falling from 21% in January to 11.5% currently in line with the decline in prices.
The U.S. Comex gold futures reached the lowest level since March this year on 7 July and rebounded to $1,159.20 on Thursday, falling 0.37% week-to-Thursday, compared to -7.29% for the crude oil futures.