Gold’s Best Month In 4 Years Sees Record February COMEX Volumes

  • Naira
  • February 26, 2016

As gold prices “Golden Cross,” the precious metal is set for its best month in 4 years, and best 2-month rise since 2011. The entire precious metals complex is active with the largest fund inflows since 2009 and the biggest February COMEX trading volume in history.

All of this adds up to the best start to a year for gold since 1980, when The Hunt Brothers tried to corner the silver market and sent all precious metals soaring.

The best 2 months in gold since 2011…

Pushed prices to a “Golden Cross”…

As Bloomberg reports, gold’s rally is spurring investor interest with volume on the biggest futures exchange rocketing. With prices set for the best month in four years, trading on the Comex is poised for the strongest-ever February.

Aggregated volumes on the New York futures exchange rose 54 percent from the same month a year ago to about 4 million contracts with one trading day left.

Amid the highest inflows since 2009…

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