As European business surveys suggest the recovery from the pandemic shock is indeed tracking the "V" that markets have been betting on, both extremes of investment risk appetite appear to be gaining in tandem - with gold's surge to 9-year highs matching the march of the equity market's tech-sector vanguard to records on the Nasdaq -- even as implied volatility and demand for options protection subsides.
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July 24th, 2020
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As European business surveys suggest the recovery from the pandemic shock is indeed tracking the "V" that markets have been betting on, both extremes of investment risk appetite appear to be gaining in tandem - with gold's surge to 9-year highs matching the march of the equity market's tech-sector vanguard to records on the Nasdaq -- even as implied volatility and demand for options protection subsides.