Gold traders are taking a snooze a day before Federal Reserve and the Bank of Japan announce their monetary policy decisions.
The precious metal’s 60-day historical volatility has fallen to the lowest in 13 months. Aggregate trading on the Comex in New York slumped 45 percent below the 100-day moving average for this time of day, data compiled by Bloomberg show. Open interest, a tally of outstanding contracts, is down 14 percent from a record in July. Gold and copper prices swung between small gains and losses.