Loading…
CME commentary notes that gold options implied volatility spiked twice this year from about 9% to 13.5%, but has stayed low overall compared with 2015-2016 and 2011/2013 levels. It attributes the calm to a lack of direction in gold prices despite rising Fed rate-hike expectations.
Gold itself is not a feed commodity, so the direct impact on feed buyers is minimal; the piece reflects dollar and rate expectations that can influence broader commodity sentiment.
cmegroup.comauthors/erik-norlandMay 7, 2018After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
