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Gold Volatility Slumps to Lowest Since 2010 Before Fed

Posted on 19 June 2014

Gold volatility slumped to a 44-month low before the Federal Reserve concludes a two-day policy meeting. The 60-day historical volatility dropped to 11.4, the lowest since Oct. 18, 2010, according to data compiled by Bloomberg. Gold futures traded in a range of $45 an ounce this month, compared with $74 in May.
The value of exchange-traded funds backed by gold has contracted by $2.57 billion this quarter, and open interest in Comex futures fell to a five-year low in April. The precious metal’s appeal as an alternative investment faded as U.S. equities surged to a record and the Fed cut monetary stimulus…………………………………..Full Article: Source


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