Please add the Gold Volatility Index (GVZ) to your watch list
Gold's volatility and price direction have historically had a positive correlation, with volatility in this area tending to move higher as the underlying price rises. To track gold volatility, I recommend that investors and traders add the Chicago Board Options Exchange Gold Volatility Index (GVZ) to their watch list, which is effectively the "VIX for gold". At the height of the market disruption in March 2020, the GVZ briefly traded above 40. As of Dec. 21, it was trading at about 15.77.
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