Gold (OG) options volumes surged sharply in October, reaching a record high of 175K contracts in combined average daily volume (ADV) across both tenors. Monthly Gold options led this rally with an ADV of 124K contracts, while Weekly Gold options contributed a solid 51K contracts, marking the strongest performance since the early summer peak. This renewed momentum, following tempered performance in Q3, reflects increased hedging and repositioning driven by trade tensions, expectations of a Fed rate cut, a strong U.S. dollar and ongoing geopolitical risk in the Middle East. Gold prices experience volatile swings this ... (full story)