20.50 -0.10 (-0.49%)
After hours: 4:06PM EDT
|Bid||20.45 x 200|
|Ask||20.65 x 200|
|Day's Range||20.44 - 20.93|
|52 Week Range||16.42 - 26.03|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.89%|
If we look at the historical performance of precious metals to markets, we see that gold has been closely tracking market volatility. The recent upheaval in the markets, led by Syria tensions, supported precious metals. Also, the earlier trade war fears with China lifted precious metals higher.
Among the four precious metals that we’ll be discussing in this series, only gold saw gains on Wednesday, April 4. Gold prices for April futures were up 0.23% and closed at $1,335.8 an ounce. Platinum was down 1.4% and was the biggest loser among the four precious metals.
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.
Another critical factor that has been affecting the price movement of precious metals is overall market volatility, which is depicted by the CBOE Volatility Index (or VIX). Also, the worries about the interest rate hike have been critical in adding to the volatility in the market.
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.
Like the US dollar, global tensions can be responsible for precious metal price fluctuations. North Korea has interpreted US president Donald Trump’s comments as a declaration of war, stating that Pyongyang ...
Rising tensions in North Korea, heightened political uncertainty in Washington, and policy changes by the Fed have all moved precious metals in August and September.
Precious metals have been buoyed by tension in North Korea. If North Korea does another missile test, it could prompt investors to move to haven assets such as gold, silver, Treasuries, and major currencies....
Gold futures for September expiration have risen ~3.9% over the past one-month period. Silver, platinum, and palladium have followed the same track as gold.
Gold saw its second straight day of increases on Thursday, July 27, as it hit its six-week high level of $1,266.2 an ounce to close at $1,261.5 per ounce.
As measured by short interest in the iPath S&P 500 VIX Futures exchange-traded note (VXX), bets against market volatility are at a record.
The market has been gripped by fears surrounding the implementation of promises that President Donald Trump made during his election campaign.
The CBOE Volatility Index (or VIX), which is a barometer of overall risk in the market, ended above 15.0% on Wednesday, May 17, 2017.