Both Bulls and Bears Drive Gold Options Volatility

Summary

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CHICAGO/NEW YORK (Reuters) - Fears of a global financial meltdown or a double-dip recession often send gold investors scurrying to put on bullish bets in the options market.

Over the past month, however, gold bulls have had new company: Traders who sought protection against a decline in bullion prices as they became increasingly fearful that a series of steep one- or two- day drops over the past month could lead to a deeper fall.

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Extract

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Both Bulls and Bears Drive Gold Options Volatility

Gold options' implied volatility - a measure of how much traders expect prices to move, either up or down, in the future - has posted its strongest surge in over two years and i...

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