Gold (OG) options inched up in June with month-to-date average daily volume (ADV) of 44.9K for monthly contracts and 20.2K for Weekly tenors. Underlying gold prices have likewise dipped more than 11% in June to just around ~$4,000/oz after the U.S. and Iran signed the interim peace agreement over the Strait of Hormuz, keeping market participants cautiously optimistic over inflation risk. Yields for 10-Year Treasury dipped slightly to 4.367%, relieving some of the pressure on the opportunity cost of holding non-yielding assets and lessening ever so slightly, the headwind for gold despite indications from new fed chair ... (full story)