Gold Volatility Skew
Gold spot prices fell in early Asian trading sessions on August 9th to a four-month low of $1,688 – down more than 4% since Friday’s close. While the price has since recovered, stabilizing around $1730 or down 1.8% intraday, there is still considerable pressure on gold prices as investors rush to hedge further drops. Q2 2021 hedge fund letters, conferences and more Current speculation suggests that Friday’s better-than-expected US jobs report numbers were the key driver in falling gold spot prices. According to the Bureau of Labor Statistics report, nonfarm payrolls rose to 943K (expected 845k...