Goldman Makes A Big Change To Its Bullish Gold Trade Ahead Of The Election

With Gold surging to daily record highs, if stumbling for two consecutive days as both yields and the dollar spiked, ahead of the final pre-election weekend...

... Goldman's commodity desk reports that it has de-risked its gold position into the Tuesday election by switching cash length into options "so we have the ability to buy an election dip" because we’re concerned about positioning.