Gold's volatility is up to 2008 levels: The volatility index of the gold ETF, $GLD, relative to the volatility index of the 20+ Treasury Bond ETF, $TLT, hit 2.7 points, the highest since 2008. This ratio has DOUBLED since November. This comes as $GLD's VIX Index is up to 33.1 points, the highest since the 2020. At the same time, $TLT's VIX Index is down to 12.1 points, near the lowest since 2019. Furthermore, gold 3-month minus 1-year implied volatility reached the highest level since 2022. This shows traders expect significantly larger near-term price swings in gold. Precious metal volatility is set to continue.$XAU