Gold's recent rally has bolstered bullish expectations and revived demand for call options, which gives the holder a right but not the obligation to buy the yellow metal at an agreed price on or before a particular date.
The yellow metal broke out of a contracting triangle last week, resuming the rally from November lows near $1,475 and rose to a seven-year high of $1,681 in the early Asian session on Monday. At press time, gold is trading at $1,660 per Oz, representing a 6.27% gain on the low of $1,562 observed ...