Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Traders Anticipate SPDR Gold Trust Hitting August 2020 Highs By Mid-April

Published 31/03/2023, 15:14
Updated 31/03/2023, 16:40
© Reuters.  Traders Anticipate SPDR Gold Trust Hitting August 2020 Highs By Mid-April

© Reuters. Traders Anticipate SPDR Gold Trust Hitting August 2020 Highs By Mid-April

Benzinga - SPDR Gold Trust (ARCA: GLD) recorded gains on Thursday.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said there were 2x more calls than puts on SPDR Gold Trust on Thursday.

Don’t forget to check out our premarket coverage here

There were buyers of 36,496 of the April 14 weekly 190-calls at an average price of $0.89 per contract, Khouw mentioned.

The trader sees SPDR Gold Trust hitting August 2020 highs by mid-April.

Gold prices rose slightly, trading close to the key $2,000 level this morning.

Additionally, Benzinga recently analyzed five stocks from the VanEck Vectors Gold Miners ETF (ARCA:GDX), the gold mining industry's most representative exchangetraded fund, that have the biggest upside potential according to analysts' target projections and the lowest future price-to-earnings (P/E) ratio.

Price Action: SPDR Gold Trust was down 0.08% at $184.03 at the time of publication on Friday.

Check This Out: Insiders Selling Broadcom, Steelcase And This Communication Services Stock

Photo: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.