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Wounded Gold Bull Market Steadies After Worst Slump in 3 Years

  • ‘The gold bull has been given a good scare,’ says Triland
  • Holdings in exchange-traded funds still near 2013 high
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What Happened to Gold Market Volatility?

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After the biggest swoon in gold futures prices in almost three years, the market steadied.

Gold futures for December delivery slipped 0.1 percent to $1,268.60 an ounce at 1:46 p.m. on the Comex in New York, after slumping 3.3 percent on Tuesday. Prices are down 7.9 percent since a July peak as expectations for tighter monetary policy in Europe and the U.S. dent the appeal of the metal.