Gold options flow turns bullish as gold funds see biggest inflows since January

Odaily News, Quantitative trading firm Susquehanna said demand in the gold options market is clearly shifting from downside protection to bullish calls betting on further upside. Recently, an investor purchased 8,000 call options on SPDR Gold Trust (GLD) expiring in November with a strike price of $460, while one-month implied volatility on gold remains near recent lows.

Susquehanna noted that fund flows are also supporting gold prices, with gold funds recording their strongest inflows since January this year. (CNBC)