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March 2026 Metals Options Report
Gold (OG) options moderated further in March, with month-to-date average daily volume (ADV) of 50K for monthly contracts and 17K for Weekly tenors. This represents a measured retreat from the record activity seen earlier in the quarter. Gold prices likewise pulled back from their record high of $5,600/oz to test support near $4,500/oz. Markets are currently assessing the impact of the ongoing war in Iran, and markets are pricing in a more hawkish policy path following the nomination of Kevin Warsh as the next Federal Reserve Chair.,Consequently,10-year Treasury yields increased 5 basis points to 4.30%, creating a ... (full story)