Volatility has declined on stocks in the last 48 hours and gold is following this trend with much smaller movements. Despite some intraday oscillation, the price has found its balance – at least for the time being – in a tight trading range between $1,715 and $1,730. Investors seem to be in a “wait and see” mode, waiting for a fresh stimulus to move markets and give a clearer directionality to the bullion price, which remains near its highest level in 7 and a half years without successfully challenging it.
