Yesterday's range was only 16 points. Barrick Gold (GOLD) reported 3rd Quarter September 2020 earnings of $.41 per share on revenue of $3.5 billion. The precious metal gold has been always perceived as a safe haven in times of troubled times. The main reason for the volatility was the impact and consequences of the coronavirus. The price has been trading above and below unchanged. It was the early hours of Wednesday’s Asian trading and the spot price of gold was persistently down about $10 to $15 per ounce. Among others, the following factors have been drivers for the volatility in the gold market. Gold trade is getting volatility as safe-haven flows remain steady on virus angst, but stimulus prospects remain mixed. For investors, the key point has been volatility. © 2020 Cboe Exchange, Inc. All rights reserved. Anxiety, fear and uncertainty created by Covid-19. JPMorgan analysts recommend selling gold volatility when US President Donald Trump’s health reports on his recovery from Covid-19 are “non-conflicting”. “The best volatility charts in the business.” Next week the Market Review will again look at updates for SPX, QQQ and Gold. Trades near unchanged on the day While stocks tumble lower and yields move to the downside, the price of gold has been relatively steady. Sell on both clarity on the president's health, and if "gold vols are still in the 19-20 range,” said the US bank’s analysts in the 5 October ‘Weekly Gold … In the chart below, I have plotted the movements of GLD , the most popular gold ETF, along with GVZ , the CBOE’s gold volatility index (or Gold VIX) which was launched back on August 1 st and is based on GLD. The Dow Jones falls 943 points, the Nasdaq was down 3.73%, plus Gold, Silver, and WTI Crude Oil all fell heavily.. Last night was a massive day for traders, with the volatility index jumping an incredible 14% last night and around 35% since October 13. Gold Spot volatility is decreasing in the consolidation phase, seeing hourly ranges of only about 5-10 points on average. And it wasn’t just a US stock problem. Barrick Gold engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. Simple Gold Trading Strategy – Gold Trading Secrets. Gold prices rise as volatility increases. The election will increase volatility. It has been quite a year, so much so that ‘2020’ is likely to become a byword among those who remember it decades hence. When volatility increases, though, day trading is warranted. While there are many different aspects to volatility trading, not all of them are suitable for all investors. It's simple. Of all the precious metals, gold is the most popular as an investment. Gold Volatility Fueled by Structured Note Trades, BNP Says Alastair Marsh, SHARE THIS ARTICLE. The price in silver at $17.71 is trading above the monthly Sell 2 level. Moderate traders would wait for the short-term uptrend to fizzle out and wait for an opening to short along with the medium-term downtrend. Gold Volatility May Not Be Over Yet. Don’t Forget to Sign Up for The Best Online Trading Platform. Trading volatility with options Options are contracts that give you the right – but not the obligation – to buy or sell an underlying asset before a certain date. Different trades for different volatility opportunities. Conservative traders would wait for gold to realign with its medium-term trend, which is lower, while the long-term trend remains higher. Please read IVolatility Trading Digest™ Disclaimer at the very bottom of this page To add comments or to ask questions please click here (or use the … Daily Gold News: Gold’s Low Volatility Following Recent Declines Gold is 0.2% lower this morning, as it is trading within a short-term consolidation. Gold Ticker: XAU= Price: $1870.34. Gold prices hit an all-time high in August, while crude oil slipped into negative for a day in April, when demand crashed and inventories soared. Top trading ideas and forecasts with technical analysis for world currencies. Chart Of The Day: Gold Volatility Eyed Ahead Of First U.S. Presidential Debate. High-yield credit offerings are also basically frozen, which may explain why gold, Bitcoin and volatility are all trading together.. US-China trade war whiplash has damaged risk appetite, but market sentiment could be recovering judging by the latest drop in gold prices and volatility measures as the S&P 500 Index climbs. 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