Metals – Market Recap Options Activity – Aug 11,2009

Reuters (Reported 8.11.09):

“TOKYO, Aug 11 (Reuters) - Gold prices inched up on Tuesday but stayed near a 10-day low hit the previous day when the dollar's rise hurt sentiment, with investors awaiting the outcome of the Federal Reserve's meeting ending on Wednesday.

Market reaction was muted to a slew of Chinese data including industrial output, which was a tad below forecast, and trade, which was slightly better, as traders focused on what the Fed may say about the U.S. economy and recovery prospects.” PRECIOUS-Gold inches up as dollar steady, ETF eases

Bloomberg (Reported 8.11.09):

“Aug. 11 (Bloomberg) -- Gold, little changed in London today, may gain as a weaker dollar increases demand for the metal as an alternative investment.

The U.S. Dollar Index, a six-currency gauge of the U.S. currency’s strength, declined as much as 0.3 percent. Gold fell to $943.50 an ounce yesterday, the lowest price since July 31, as the dollar index rose for a third day.” Gold May Gain in London as Weaker Dollar Spurs Investor Demand

Gold Options Activity – Highlights – As Of Aug 10,2009

Silver Options Activity – Highlights – As Of Aug 10,2009