Platinum Volatility Near Lowest Since 2005 in New York
This article is for subscribers only.
Platinum volatility slumped to the lowest in nine years amid fading investor interest in the metal used in pollution-control devices for cars
The 60-day historical volatility was near 11 today, after dropping to 10.94 on Sept. 5, the lowest since June 2005, according to data compiled by Bloomberg. Open interest in New York futures and options has declined in seven of the past eight weeks, while holdings in global exchange-traded products are at the lowest since late May.