IPFS News Link • Gold and Silver
Gold Trading Volumes Hit Record High As Dollar Crashes
• zerohedge.com by Tyler DurdenGold has pulled in traders like never before on its way to the highest price in a year.
As Bloomberg details, volume on the COMEX in New York, the largest bullion futures exchange, hit a record in August as North Korean tensions and a weaker dollar boosteddemand for the metal.
Some 6.55 million contracts -- worth almost $900 billion now -- changed hands last month, more than when Donald Trump was elected U.S. president or during substantial price spikes and slumps.