Gold Price Swings Ease as Investors Seek Clues on Tightening
- Strong labor market, drop in durable goods muddy gold outlook
- Investors still buyng gold ETFs, with holdings at 2-year high
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Are investors losing interest in gold again?
The metal’s 30-day historical volatility fell to the lowest since Feb. 10 and open interest slipped from the highest since September 2011. Since March 7, gold futures managed to post gains only three times. The Bloomberg Dollar Index rose for a fifth straight session, the longest streak in two months, reducing the appeal of dollar-denominated commodities.