Gold futures contract market chatter points to central banks

Market chatter points to central banks in emerging markets increasing bullion reserves, a trend directly influencing upward momentum in the gold futures contract over the last 10 sessions. Mark Wogenrich is the editor and publisher of Penn State on SI, the site for Nittany Lions sports on the Sports Illustrated network. He has covered Penn State sports for more than two decades across three coaching staffs, three Rose Bowls and one College Football Playoff appearance. Futures based on the S&P 500 Index expire quarterly, on the 3rd Friday in March, June, September, and December. Gold futures contract implied volatility slipped slightly from 17% to 15.8%, suggesting traders are consolidating positions and awaiting macro triggers before committing larger bets.