Gold Trading Hasn’t Been This Boring Since the Pandemic Began
- Six-month realized volatility at lowest since February 2020
- Metal has largely been confined to a $100 range since mid-May
Newly-formed gold bars.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
Gold markets haven’t been this calm since the onset of the Covid-19 pandemic, thanks to a deadlock between buyers and sellers that’s showing no signs of breaking.
Six-month historical gold volatility slumped to the lowest since February 2020 on Friday. The measure has plunged due to bullion largely staying confined to a range between $1,900 and $2,000 an ounce since mid-May.