Gold-Options Signal More Losses as Prices Slump to Four-Year Low
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Investors are betting that the worst isn’t over for the gold market after prices fell to the lowest in more than four years.
The three most-traded options on the Comex in New York on Oct. 31 were wagers on more declines. Prices surged fivefold last week for a put giving owners the right to sell futures for December at $1,075 an ounce, a level that would mean a more than 7 percent drop from this year’s low.