COMEX Gold Market Activity in 2020

What is the fair value of gold? This is the question many investors and traders asked themselves as they reassessed their portfolios and risk exposures in the light of Covid-19. The world economy was faced with an unprecedented shock in 2020 and no single asset class was immune. Global gold markets took center stage when the precious metal climbed above $2,000 per troy ounce in August. One item at a time, we look at recent developments in COMEX gold futures trading.