Gold's volatility gauge hits highest since April 2017
Gold's one-month at-the-money (ATM) volatility (XAU1MO) gauge jumped to 14.325 on Friday, the highest level since April 2017.
The gauge stood at 9.24 ten days ago and was hovering at record lows near 7.20 at the end of May.
The sharp rise in volatility could be associated with the yellow metal's near 90-degree price rise from the May 30 low of $1,275 to today's high of $1,411.
This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.