(Bloomberg) -- Investors cut holdings in exchange-traded funds for silver, platinum and palladium in the second quarter on fears that a potential recession will reduce industrial demand, but gold assets held up because of its role as a haven, and that may persist.Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysThe Wheels Have Come Off Electric VehiclesStock Doomsayers Vindicated in Historic First Half: Markets WrapCrypto Meltdown Claims Rolex and Patek Phili
Supply constraints and growing demand mean this year’s record high coal prices might be just the start.
CME Group plans to launch binary options in a push to woo more retail traders, offering a type of contract that regulators in much of Europe have banned as a form of gambling. The Chicago-based derivatives exchange operator on Tuesday said its so-called event contracts would be offered in September, allowing “individuals to trade their views on daily up or down price moves” in CME futures markets such as the S&P 500 stock index, gold or crude oil. Attracting retail traders is a “critical component” of the growth strategy at CME, company executives have said.