After setting a quarterly record in Q2, Gold (OG) options volumes moderated further in August as trading activity returned to more measured levels. Combined month-to-date (MTD) average daily volume (ADV) across both tenors reached 73K contracts, a slight recovery from July and ends a three-month downtrend, which began after April’s high point. The monthly ADV remained just shy of 50K contracts, while the ADV for Weekly options stayed just below 23K contracts. Gold prices remained within bound, hovering between $3,275/oz and $3,321/oz in August as markets await clarity from the Federal Reserve’s Jackson Hole ... (full story)