Gold risk reversals - downside bias strengthens

Risk reversals show a rise in demand for puts (bearish bets).

Omkar Godbole FXStreet Contributor

Gold (XAU/USD) one-month 25 delta risk reversals (XAU1MRR) are being paid at 0.175 XAU puts vs. 0.125 XAU puts yesterday and 0.225 XAU calls on March 7.

The data shows the implied volatility premium for XAU puts (bearish bets) has increased substantially over the last few days and currently stands higher than the implied volatility premium for XAU calls (bullish bets) - a sign the bearish bets are in demand.

XAU1MRR

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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