May
20
Investors Turn To Gold ETF Options As Hedges
By
Bloomberg News
Investors seeking to protect their portfolios against recent swings in currencies and government bonds are snapping up options on a gold exchange-traded fund.
The activity started back during the rout in government bonds, which sent German 10-year yields surging from record lows, and has continued as currencies continue to swing.
Options on the SPDR Gold Trust , traded under the ticker “GLD,” were among the most heavily traded Tuesday, with bullish call options dominating activity. The euro is down 1.6% against the dollar Tuesday to $1.113…
Investors Turn To Gold ETF Options As Hedges
