Gold futures were inching up, but staying within a narrow range.
Futures rose 0.3% to $2,665.60 a troy ounce. Volatility has sharply lowered and the five-day average daily price range has reduced to just $26, Pepperstone’s Chris Weston said in a note.
There have been six consecutive days of indecision, with most gold investors lacking the conviction to push prices higher or lower, Weston said.
