Decoding the Gold Fear & Greed Index

Gold has historically been regarded as the world's most important safe-haven asset. When there is turmoil in the stock market, geopolitics, or macroeconomics (i.e., when the broader market is fearful), funds often flow into gold, driving up its price. Our platform provides a Gold Sentiment Index to help you gauge the temperature of the precious metals market.

Why is Gold's sentiment different from the stock market?

Due to its safe-haven nature, "Greed" in gold often corresponds to "Fear" in the stock market. When our gold index indicates "Extreme Greed," it means massive amounts of capital are frantically rushing into gold (e.g., during severe geopolitical conflicts or banking crises), signaling that gold might be overhyped in the short term.

Index Data Source

Because the major gold sentiment pages are no longer machine-readable, the gold index on this platform is computed from COMEX gold futures (GC=F) daily prices provided by Yahoo Finance. We aggregate a set of widely used technical indicators — RSI(14), price versus the 20/50/200 day moving averages, and 10 day momentum — into a single opinion score from -100 to +100, which is then mapped to a 0-100 scale. This quantifies the short-, medium-, and long-term trend of gold in the same way a published composite opinion index does.

• Extreme Fear: Capital is completely withdrawing from safe-haven assets, and technicals are severely oversold.
• Extreme Greed: Safe-haven sentiment is extremely high, and gold is being irrationally panic-bought. If macroeconomic fundamentals ease, the gold price could pull back at any time.