Gold volatility is extremely low — Davies
Hinde Capital CEO Ltd. and manager of the Hinde Gold Fund, Ben Davies, says gold is likely to be supported by increasing demand in China, which is rising faster than mines can economically supply.
In a interview with King World News, Davies said low volatility in gold price indicates higher prices next year.
The executive thinks gold’s recent decline is over and the market will continue to stabilize from here.
“Volatility is extremely low (in the gold market). I would say it’s almost at decade lows. One month volatility is down around 9%. Three month volatility is at 12.5%. On average, for the past five years, that’s been around 20%,” he said.
Image: Ben Davies in a previous interview.