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home / news releases / comex gold sees highest delivery volume in nearly 2

IAUM - Comex: Gold Sees Highest Delivery Volume In Nearly 2 Years

iShares Gold Trust Micro

2024-06-24 14:07:00 ET

Summary

  • June is a major delivery month in gold and saw more than 30k contracts stand for delivery.
  • Heading into the minor delivery month of July shows Open Interest is trending upwards into the close.
  • With gold seeing massive delivery volume, and silver poised to do the same, it appears that more people are taking delivery of physical metal despite the higher prices.

The Comex report for last month correctly identified a potential big move in silver while the same report two months ago preceded a massive up move for the price of gold. The data this month is not as obvious or compelling, but it is clear the stress on the Comex continues to build....

For further details see:

Comex: Gold Sees Highest Delivery Volume In Nearly 2 Years
Stock Information
Company Name: iShares Gold Trust Micro
Stock Symbol: IAUM
Market: NYSE
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