Gold against the Index of fear

Since the beginning of the year, the correlation between VIX – the fear index – and gold has been lost, following the sharp spike of VIX in the strongest sellouts of the last quarter of 2018 on the stock markets, the two instruments have “made their own way.” Of course, gold has seen a jump in its price as a safe heaven for investors, but it seems it does not stop rising, unheard of the fear index has faded, and the shares have gone up again.

But it is precisely because of the resumed rally in the stock markets all over the world that gold enters the range, and VIX is also depressed in narrow limits.

Graphs: Used with permission of Bloomberg Finance L.P.

 Trader Martin Nikolov

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