Forex | Forex | Raging gold demand delivers gains for Barrick Gold options trader (03/09/2009 17:08:03)

Raging gold demand delivers gains for Barrick Gold options trader

ABX – Barrick Gold Corp. – Notable options activity on the world’s largest producer of gold caught our eye today as the stock continues higher for the second day running. Shares of ABX rallied 2.5% to $38.93 as dollar weakness and rising demand for precious metals helped boost the price of gold to its highest level in three months. Option trades in the front months suggest investors believe the rally may taper off. One trader who initiated a call spread on Tuesday chose to unravel the position


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