Gold’s 46-year rout fuels bullish bets that it could hit $20,000 an ounce
TL;DR
On Friday’s 46-year gold plunge, options traders bet the metal could reach $20,000 per ounce by year-end, per SocGen, with open interest rising as investors positioned for extreme outcomes; analysts say the move reflects positioning and ETF flows rather than fundamentals, and SocGen remains bullish on gold, viewing the correction as healthy.
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