The S&P/ASX 200 VIX, a measure of the implied volatility of S&P/ASX 200 options, fell by 12.23% to 14.37, indicating a reduction in market uncertainty.
Meanwhile, gold futures for April delivery fell by 0.43% to $1,902.65 per troy ounce, while crude oil prices for April delivery rose by 1.29% to $72.25 a barrel. The May Brent oil contract also rose by 1.21% to trade at $78.39 a barrel.
In currency trading, the AUD/USD remained unchanged at 0.67, while the AUD/JPY rose by 0.54% to 90.14.
The markets’ movements reflect investor sentiment towards different asset classes. A decline in the ASX 200 VIX indicates a reduction in market uncertainty, while the fall in gold futures suggests a preference for riskier assets such as equities and commodities. The rise in crude oil prices may be attributed to an increase in demand, while the steady performance of AUD/USD and rise in AUD/JPY reflect a stable Australian economy.
Overall, investors will continue to monitor the performance of these assets in the coming days, particularly in response to any economic or political developments that may impact market sentiment.