ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

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The CBOE Gold ETF Volatility Index (GVZ) measures the market's expectation of 30-day volatility implicit in the prices of near-term Gold ETF options. The SPDR GLD ETF, the largest physically backed gold ETF in the world, is sponsored by World Gold Trust Services and listed since 2004.2 On May 26, 2023, the CBOE Gold ETF Volatility Index (GVZCLS) was retrieved from FRED, Federal Reserve Bank of St. Louis.0 The VIX risk index rose, while Gold remained unchanged. The S&P 500 and Nasdaq 100 were off in morning trade as debt ceiling talks have yet to produce much progress, despite positive rhetoric from both sides. The Ukraine war looks to be hotter, with the risk that commodity prices and inflation will spike.1