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Gold Volatility Sags to 2-Year Low as Traders Assess Fed Outlook

  • Gold’s 60-day volatility drops to lowest since October 2014
  • Silver, platinum and palladium prices decline in N.Y.
Bloomberg business news

Gold Outperforms With U.S. Rates on Hold

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Gold is back in the doldrums as investors pause to assess the outlook for monetary policy after the Federal Reserve held U.S. interest rates steady last week.

Bullion’s 60-day volatility fell on Monday to the lowest since October 2014, while aggregate trading in futures was 38 percent below normal for this time. Traders will look for clues as European Central Bank President Mario Draghi addresses a closed-door session of German lawmakers on Wednesday, while Fed Chair Janet Yellen testifies this week before the U.S. House Financial Services Committee.