The Gold Volatility Index – An Overlooked Indicator
- What is the Gold Volatility Index?
The Gold Volatility Index (GVZ) is often described as the “gold equivalent of the VIX.” It measures the market’s expectations of future volatility in gold prices over the next 30 days derived from the prices of gold options. It is published by the CBOE Global Markets and is officially called the CBOE Gold ETF Volatility Index. The oldest data observed dates to June of 2008, amidst the Global Financial Crisis, which reflected the need for risk and volatility benchmarks.
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