Metals – Market Recap Options Activity – Sep 3,2009

Reuters (Reported 9.3.09):
“TOKYO, Sept 3 (Reuters) - Gold steadied on Thursday after a round of light profit taking by regional traders, a day after a rally in New York briefly sent the metal above $980 an ounce, up over $20 from late Asian trade the previous day.
But activity was slow as investors kept their eyes on equity and other financial markets ahead of the G20 meeting of finance ministers in London later this week, in which the agenda includes ways to make the global financial system more stable.” PRECIOUS-Gold steadies above $975, eyes on G20

Bloomberg (Reported 9.3.09):
“Sept. 3 (Bloomberg) -- Gold and silver climbed to three- month highs in London as a weakening dollar boosted demand for the precious metals as alternative investments.

Gold advanced 2.3 percent yesterday, the biggest gain since March 18, as equities and the dollar declined. The U.S. currency fell as much as 0.4 percent against the euro today. Bullion, up for a third day, tends to gain when the dollar weakens. ” Gold, Silver Rise to 3-Month High as Weaker Dollar Spurs Demand

Gold Options Activity – Highlights – As Of Sep 2,2009

Silver Options Activity – Highlights – As Of Sep 2,2009