A Record Amount Of Physical Gold Was Just Delivered On COMEX, Here's Why
Traders on the main gold futures exchange in New York just issued the largest daily physical delivery notice on record.
In the latest sign of how the market's norms have been upended by the price disconnect that struck in March, Bloomberg reports that traders on Thursday declared their intent to deliver 3.27 million ounces (over 100 tonnes) of gold against the August Comex contract, the largest daily notice in bourse data going back to 1994... Source: Bloomberg
