Gold Market Freezes With Tightest Trading Range in Eight Years
- Volume on Comex this week dropped to lowest level all year
- `They're sitting on their hands,' says Ash of BullionVault
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There’s so little appetite for gold that prices are moving the least since 2007.
Spot prices fluctuated in a $8.05 range on Monday and Tuesday, the smallest move in eight years, according to data compiled by Bloomberg. Volume on the Comex this week dropped to the lowest level of 2015, amounting to about half the daily average. Bullion for immediate delivery added 0.2 percent to $1,108 an ounce by 12:46 p.m. in London.