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Gold Bulls Turn to Exotic Options, Spreads in ‘Orderly’ Rally

Source: Bloomberg

Derivatives & VolatilityInterest Rates & YieldsCommodities & Raw MaterialsMarket Technicals & Flows

Gold bulls are refreshing their positioning as the Treasury Department seeks to keep US borrowing costs in check, and are increasingly using exotic options and spread strategies to express a view on higher bullion prices. The shift toward more complex derivatives suggests rising conviction, but the article provides no specific price targets or strike-level magnitudes.

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