Traders Anticipate SPDR Gold Trust Hitting August 2020 Highs By Mid-April

SPDR Gold Trust GLD recorded gains on Thursday.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said there were 2x more calls than puts on SPDR Gold Trust on Thursday.

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There were buyers of 36,496 of the April 14 weekly 190-calls at an average price of $0.89 per contract, Khouw mentioned.

The trader sees SPDR Gold Trust hitting August 2020 highs by mid-April.

Gold prices rose slightly, trading close to the key $2,000 level this morning.

Additionally, Benzinga recently analyzed five stocks from the VanEck Vectors Gold Miners ETF GDX, the gold mining industry's most representative exchangetraded fund, that have the biggest upside potential according to analysts' target projections and the lowest future price-to-earnings (P/E) ratio.

Price Action: SPDR Gold Trust was down 0.08% at $184.03 at the time of publication on Friday.

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