Metals – Market Recap – Aug 4,2009

Bloomberg (Reported 8.4.09):

“Aug. 4 (Bloomberg) -- Gold fell for the first time in four days in London as some investors sold the metal to lock in gains from its rally to the highest in almost two months.

Bullion for immediate delivery reached $962.51 an ounce yesterday, the highest since June 10, as the U.S. Dollar Index slipped to its lowest level since September, boosting the metal’s appeal as an alternative investment. The index, a six- currency gauge of the greenback’s strength, was little changed today after a three-day drop.” Gold Falls in London as Rally to Two-Month High Sparks Sales

Reuters (Reported 8.4.09):

“TOKYO, Aug 4 (Reuters) - Gold eased on Tuesday from a seven-week high marked in New York the previous day as waning
investor appetite for the precious metal capped gains despite the dollar remaining close to this year's low.
Bullion rose to $962.10 an ounce in New York on Monday, its highest since June 10, boosted by a weaker dollar, which lost some of its safe-haven appeal in the face of a rally on Wall Street and encouraging economic data.” PRECIOUS-Gold eases from 7-week high, ETF steady 

Gold Options Activity – Highlights – As Of Aug 3,2009

Silver Options Activity – Highlights – As Of Aug 3,2009