DGL - Gold - Yikes!
Gold provided market participants with a reminder that the yellow metal loves to crawl higher and tumble lower during price corrections. The yellow metal is a unique hybrid between a currency and a commodity which means it tends to display a far lower level of volatility than other metals and commodities. Gold volatility tends to hover somewhere between the price variance level of commodities and currencies. Foreign exchange instruments often display low levels of historical volatility because of the activity of governments which manage and often manipulate rates.
Gold tends to run into selling at