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Israel has made a heavyweight announcement! The price of Gold has suddenly dropped by 16 dollars. How to Trade Gold?
During the Monday New York trading session, spot Gold experienced a dramatic drop, resulting in the price of Gold closing on Monday with most of the day's gains erased. FXStreet Analyst Christian Borjon Valencia pointed out that the Relative Strength Index (RSI) fell below the neutral line, indicating that sellers are in control of the situation.
GLD ETF Gains 0.2%
SPDR Gold ETF Options Spot-On: On December 16th, 154.27K Contracts Were Traded, With 3.16 Million Open Interest
On December 16th ET, $SPDR Gold ETF(GLD.US)$ had active options trading, with a total trading volume of 154.27K options for the day, of which put options accounted for 49.61% of the total
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