Gold Traders Issue Largest Delivery Notice on Record at Comex
- Latest sign of market upended by price disconnect in March
- Flows of bullion into New York have been at record levels
Gold of various weights and sizes.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Traders on the main gold futures exchange in New York have issued the largest daily delivery notice on record.
In the latest sign of how the market’s norms have been upended by the price disconnect that struck in March, traders on Thursday declared their intent to deliver 3.27 million ounces of gold against the August Comex contract, the largest daily notice in bourse data going back to 1994.