Mike Khouw breaks down a trade in the SPDR Gold shares fund.
Gold is at a new record around $2,610 per ounce — more than ten times the low of just over $253 per ounce in 1999. For 2024, the U.S. government is set to spend a record $1.2 trillion on interest payments, surpassing military spending for the first time. These developments are likely related. Here's how to trade it from here using options. Gold is often seen as a haven, benefiting from economic and geopolitical uncertainties. It has a low correlation with other asset classes.
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