During the worst day for gold in 46 years, options traders made bets the metal could hit $20,000

Core Insights - The article highlights a significant increase in open interest for gold options during a recent price decline, indicating traders are making large bets on the potential for gold prices to rise dramatically [1] Group 1 - Open interest in options on gold rose significantly during the price meltdown [1] - Traders are placing large wagers on the gold price doubling, tripling, and even quadrupling [1]