Gold call options surge as investors bet on rally after weak U.S. jobs data and stabilizing yields.

Gold prices have fallen 25% since January but saw a strong rebound in call option buying after weak U.S. jobs data and stabilizing Treasury yields. Investors bought nearly $100 million in call options on the SPDR Gold Shares ETF and over $80 million on gold miners, signaling renewed bullish sentiment. The 10-year Treasury yield stalled below multi-year highs and the dollar weakened, supporting gold's appeal. Chinese investors also boosted domestic gold ETFs amid tighter capital controls, adding to demand. This suggests a potential shift in market sentiment favoring gold as a hedge against economic uncertainty.