Nothing to See Here as Gold Held in Tightest Range in Four Years
- Metal has been stuck in 3.3 percent price range for past month
- Volatility over the 28 days is near its lowest in seven years
Polymetal International CEO Nesis on Gold, Bitcoin
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The biggest news in the gold market is there’s no news.
The precious metal has fluctuated in a range of just 3.3 percent for more than a month. That’s the least over any comparable period since February 2013. It’s hugging its 100-day average, trading either side of the measure in 14 of the past 16 sessions, while volatility over the past 28 days is near the lowest in seven years.