Gold Futures Open Interest in 2015
Gold Futures Open Interest opened 2015 at 394,021 and closed at 401,880, a +1.99% move for the year. The high of 467,792 was reached on October 20, and the low of 387,585 on March 31.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 394,021 | 438,279 | 438,279 | 394,021 | +11.23% |
| Feb | 419,524 | 399,307 | 419,524 | 389,530 | -4.82% |
| Mar | 405,124 | 387,585 | 433,767 | 387,585 | -4.33% |
| Apr | 390,571 | 403,575 | 403,575 | 390,571 | +3.33% |
| May | 399,988 | 411,961 | 428,597 | 399,988 | +2.99% |
| Jun | 398,724 | 442,301 | 442,301 | 398,724 | +10.93% |
| Jul | 452,145 | 438,282 | 462,664 | 438,282 | -3.07% |
| Aug | 434,273 | 432,154 | 435,489 | 432,154 | -0.49% |
| Sep | 410,274 | 415,700 | 421,732 | 410,274 | +1.32% |
| Oct | 430,228 | 466,780 | 467,792 | 430,228 | +8.50% |
| Nov | 443,900 | 397,705 | 443,900 | 397,705 | -10.41% |
| Dec | 390,940 | 401,880 | 405,294 | 390,940 | +2.80% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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