May 2026 Metals Options Report | Metals Mine

  • May 2026 Metals Options Report

    From cmegroup.com

    Gold (OG) options volume remained flat in May, with month-to-date average daily volume (ADV) of 41K for monthly contracts and 14.2K for Weekly tenors. Underlying gold prices have likewise hovered around ~$4,500/oz for most of the month as it struggles to break out of multi-week lows despite rising 1.1% earlier in the week due to conflicting negotiating signals over the Strait of Hormuz, keeping market participants cautious over inflation risk. Yields for 10-year Treasury ticked up slightly to 4.584%, increasing the opportunity cost of holding non-yielding assets and continuing to create a headwind for gold. Despite ... (full story)

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    Copper set for second straight monthly gain on US-Iran peace deal hopes

    From brecorder.com|May 29, 2026

    Shanghai copper rose on Friday, on track for a second straight monthly rise, as hopes of a US-Iran peace deal pushed oil prices and the dollar lower, easing fears of higher ...

    Italy consumer prices - May 2026

    From istat.it|May 29, 2026

    According to preliminary estimates, in May 2026 the Italian consumer price index for the whole nation (NIC) was +0.4% compared with the previous month and +3.2% on annual basis ...

    BoE's Bailey: Decision to hold rates was an ‘active choice'

    From @financialjuice|May 29, 2026

    BoE's Bailey: Decision to hold rates was an ‘active choice' BoE Gov. Bailey: We have to monitor the situation in the Middle East and how it affects the UK economy and inflation very closely and adjust policy as required BoE Gov. Bailey: Having taken expected cuts off the table for now, we have already tightened policy considerably in response to the shock relative to what had been expected by markets. BOE governor Bailey: We have already tightened policy by taking rate cuts off the table On the headline remark, he's not wrong. That being said, the opposite is also true. With markets now leaning more towards pricing in hawkish steps by the BOE, not raising interest rates this year will end up loosening monetary policy instead. So, there's that for Bailey & co. to consider. Much like all major central banks right now, the BOE also wants to play for optionality for as long as they can get away with it. Policymakers all want to wait to see how the US-Iran conflict will change next and they will be hoping for more clarity when an agreement is eventually announced. However, that is not to say that the war will end and the Strait of Hormuz will be reopened immediately. In fact, the reality of the situation may be far from that. The BOE for now looks to be putting off a rate hike next month but market pricing suggests that the central bank will have to take action BoE Gov. Bailey: There is a case for tolerating temporarily above target inflation

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