Gold prices will likely take cue from the July Fed meeting, but using gold price volatility as a bellwether suggests XAUUSD might rise.
Spot gold prices rise alongside gold volatility as markets react to the latest dovish commentary from Fed Chair Powell - a trend that could continue headed into the July FOMC meeting.
Gold 1-month implied volatility hit a fresh all-time closing low yesterday, but Gold prices have stopped falling. A bullish sign for bullion?
After hitting a four-week high in early-May, Gold implied volatility has quickly slumped back towards its all-time low.