Gold volatility slumped to a 44- month low before the Federal Reserve concludes a two-day policy meeting.
Coffee traders should sell “grossly overpriced” options on New York futures to take advantage of a recent rally, said James Cordier , a portfolio manager at OptionSellers.com in Tampa, Florida.
After two months of treading water, gold prices are starting to sink.
Investors are too busy pushing stock prices to all-time highs to bother with gold, sending bullion’s price fluctuations to the lowest in almost 14 months.
The prospect of unprecedented European stimulus that sent gold prices to the biggest gain in three weeks still wasn’t enough to rescue bullion from the doldrums of sinking volatility.
"The dollar is much stronger today, and gold is consolidating its gains."
- James Cordier on Oct 10, 2014