Gold Futures Open Interest in 2012
Gold Futures Open Interest opened 2012 at 423,275 and closed at 427,991, a +1.11% move for the year. The high of 489,516 was reached on September 25, and the low of 388,187 on August 14.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 423,275 | 425,133 | 432,838 | 417,923 | +0.44% |
| Feb | 436,061 | 479,044 | 479,044 | 431,164 | +9.86% |
| Mar | 443,249 | 417,304 | 443,249 | 417,304 | -5.85% |
| Apr | 407,761 | 395,389 | 407,761 | 395,389 | -3.03% |
| May | 411,972 | 419,991 | 435,706 | 411,972 | +1.95% |
| Jun | 423,941 | 413,618 | 423,941 | 412,244 | -2.44% |
| Jul | 425,068 | 403,403 | 431,317 | 403,403 | -5.10% |
| Aug | 388,254 | 426,559 | 426,559 | 388,187 | +9.87% |
| Sep | 444,489 | 489,516 | 489,516 | 444,489 | +10.13% |
| Oct | 480,908 | 454,742 | 484,359 | 454,742 | -5.44% |
| Nov | 447,154 | 479,373 | 479,373 | 447,154 | +7.21% |
| Dec | 434,416 | 427,991 | 435,742 | 426,300 | -1.48% |
Events During 2012
Greece's debt revelation in October 2009 triggered a multi-year eurozone crisis that threatened the euro's survival. Greece, Ireland, Portugal, Spain, and Italy required emergency support. Mario Draghi's "whatever it takes" in 2012 ended the acute phase.
ECB President Mario Draghi's July 26, 2012 speech in London ended the acute eurozone crisis. The commitment, backed by Outright Monetary Transactions, arrested peripheral yield spikes without buying a single bond.
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