Gold falls 0.27% as WTI crude slips 0.16% and BVIX declines 2.8%

Gate data showed precious metals, oil and volatility gauges edging lower, while the dollar strengthened slightly against the yuan.

GT

Summary

Gold and silver moved lower in the latest Gate data, alongside declines in volatility gauges and WTI crude, while the dollar edged up against the yuan. Gold fell 0.27% to $4,459.81 per ounce and silver slipped 0.1% to $73.243. BVIX dropped 2.8% to 46.46 and EVIX declined 1.3% to 58.27, pointing to softer market volatility than in the previous update. In currency markets, USD/CNH rose 0.02% to 6.77768. WTI crude eased 0.16% to $94.69 per barrel.

Terms & Concepts
  • BVIX: A volatility gauge tracking market price swings.
  • WTI crude: West Texas Intermediate, a key U.S. oil benchmark.