{table} As shown in Figure 1, July was a continuation of 2022's wild ride. The spot gold price fell $41.33 (or -2.29%) to close at $1,765.94 for the month. July was particularly volatile as gold fell sharply in the first week of the month as CTAs (Commodity Trading Advisors, i.e., quant funds, an investment fund that selects securities using advanced quantitative analysis) heavily shorted gold along with the entire commodity complex. The gold price continued to fall until the futures and options expiry7 date on Friday, July 15 (the third Friday of every month, i.e., July 15), a common occurrence this year. At its ... (full story)