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
XAUUSDT
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