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Gold Trading Volumes Hit Record High As Dollar Crashes

Courtesy of ZeroHedge. View original post here.

As gold prices break above the election night spike highs, it seems interest in the precious metal has never been higher

Gold 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.


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