Metals – Market Recap – Aug 3,2009

Bloomberg (Reported 8.3.09):

“Aug. 3 (Bloomberg) -- Gold, little changed today in London, may gain as a weaker dollar boosts demand for the precious metal as an alternative investment. Silver rose to a five-week high and palladium reached its highest level since September.

The U.S. Dollar Index, a six-currency gauge of the greenback’s strength, was down 0.3 percent after earlier falling to its lowest this year before a report that may show U.S. manufacturing conditions were their best in almost a year last month. Gold tends to rise when the dollar falls. ” Gold May Advance in London as Weaker Dollar Bolsters Demand

Reuters (Reported 8.3.09):

“TOKYO, Aug 3 (Reuters) - Gold was little changed on Monday after rising earlier as the dollar fell to its lowest this year on growing risk appetite, with investors becoming cautious about pushing prices above a key resistance level that has held for most of 2009.” PRECIOUS-Gold steady after gaining on dollar drop

Gold Options Activity – Highlights – As Of July 31,2009

Silver Options Activity – Highlights – As Of July 31,2009