Traders started building bullish bets on gold early Friday, a day after short covering pushed up the price by 1% to Rs 26,900 per 10 gm.
The build-up in intraday bullish bets is borne out by options data on US bourse Comex. At about noon India time, traders on Comex purchased more call options of the $1,200 strike price for June, while open interest in the $1,200 put options declined.
The $1,200 'out of the money' call added 131 contracts against a decline of 46 contracts in ..
Read more at:
