BIS gold swaps rose substantially in October

The information provided in the BIS monthly statement of account is not sufficient to calculate a precise amount of gold-related derivatives, including swaps, but it appears that the total exposure has risen above 570 tonnes of gold as of October 31.

This compares to an estimate of close to 500 tonnes as of August 31 and an audited figure of 438 tonnes as of March 31.

BIS gold swaps rose substantially in October