|Bid||0.00 x 1000|
|Ask||0.00 x 900|
|Day's Range||21.64 - 22.05|
|52 Week Range||21.24 - 46.84|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.96%|
What Could Drive Investors’ Attention Back to Gold? Gold was also caught in the June metals selloff. Copper and zinc suffered sharp falls amid concerns that the Trump administration’s tariff policies will likely dampen demand.
The international trade war among the U.S., China and Europe may have investors uneasy, but you wouldn’t know it by looking at market volatility. After spiking back in February, the CBOE S&P 500 Volatility Index is down about 30 percent in the past three months, suggesting the market may be pricing in a quick resolution to the trade war. The VIX surged more than 200 percent in February to its high of the year during a steep market sell-off.
The Cboe Volatility Index, or so-called VIX, along with related VIX ETFs jumped Monday as the fear gauge reflected traders' increasing anxiety over the potential fallout of an escalating trade war between the U.S. and China. On Monday, the iPath S&P 500 VIX Short Term Futures ETN (VXX) increased 15.6%, ProShares VIX Short-Term Futures ETF (VIXY) jumped 14.9% and the leveraged ProShares Ultra VIX Short-Term Futures (UVXY) , which provides the 2x or 200% daily performance of the S&P 500 VIX Short-Term Futures Index, advanced 22.1%. Meanwhile, the CBOE Volatility Index surged 28.5% to 17.7.
The Dow ended an eight-day losing streak last Friday, but those gains were erased quickly today as it fell by almost 350 points amid more trade concerns. While this doesn't help the bulls, traders capitalizing on the volatility are rejoicing as the markets fluctuate, which makes for a suitable environment when investing in volatility ETFs. The CBOE Volatility Index is a key indicator in short-term expectations in the volatility of the S&P 500. ETFs tracking the movement of this indicator have been making gains as the tariff-for-tariff battle wages on between the United States and China.
As the trade war rhetoric intensifies, some investors are concerned that the tensions could push the U.S. economy into a recession. "Our calculations suggest that a major trade war would lead to a significant reduction in growth," Michelle Meyer, U.S. economist at Bank of America Merrill Lynch, said in a note, according to CNBC. Concerns over a full blown trade war comes as President Donald Trump threatens more stringent tariffs aimed at both China and the European Union.
After a wild ride, investors are hoping for the markets to return to normal, but a number of risks still remain and may potentially cause another round of risk-off selling. However, there are a number ...
All These Are Playing Gold: Are You? Trade war fears between the United States and China have moved the markets over the past few days, and the rout of the equity markets gave further support. Here, we are using the CBOE Volatility Index (or VIX) as a calculator for overall market unrest.
In financial markets, a 10% drop from a recent high is considered to be a “correction.” For US indexes, January 26 was the day that the markets closed at the highest level. A 10% fall is making investors question that theory. The most interesting observation is the increased volatility in volatility indexes, primarily through volatility-based ETFs and ETNs like the iPath VIX Short-Term Futures ETN (VXX), the ProShares Ultra VIX Short-Term Futures Short (SVXY), and the ProShares VIX Short-Term Futures (VIXY).
Cryptocurrencies Recover from the Rout: What's Next? The RSI (relative strength index) level for the fund was 45.4. Although cryptocurrencies remain distantly correlated to the S&P 500 Index (SPX-INDEX), the fall in the equities market and the rout in cryptocurrencies may or may not be a mere coincidence.
Interest rate concerns are triggering risk-off sentiment in the equities market and fueling bets on the CBOE Volatility Index, along with VIX-related exchange traded products. On Friday, the iPath S&P ...
CBOE Volatility Index-related ETFs jumped Monday, with the VIX trading at its highest level in five months, as U.S. equities pulled back and yields on benchmark Treasuries rose to their highest level in ...
Every segment of the global financial markets began 2018 on a positive note. The global equity rally of 2017 extended into the first week of the year. Commodity indexes (DBC) moved higher with the help of strong crude oil prices, and the high-yield bond markets moved higher.
Bitcoin has steadily fallen in price since the holidays began, but it looks stationary from yesterday. Bitcoin prices have been almost flat over the past 24 hours.
The US stock markets were closed on Thursday, November 23, 2017, for Thanksgiving, and the next day (Black Friday) was quite slow for precious metals. Gold played in a narrow range that day.
Besides the impact of interest rates, there are also other global indicators that could play on precious metals—the most important being the US dollar.
Gold reached its two-week high price of $1,294.5 an ounce on Tuesday, October 10, and ended the day at $1292.1 per ounce.