by Ed Steer, Casey Research:
The gold price started out the Tuesday session the same as it did on Monday, with the high tick coming just before the London open—and then drifted lower. There was no surprise in New York trading yesterday—and the low tick came at 3:15 p.m. EST. from there it rallied about $5 into the close.
The high and low ticks are barely worth the effort to look, but the CME recorded them as $1,184.90 and $1,172.40 in the February contract.
Gold closed in New York yesterday at $1,176.90 spot, up a whole 20 cents from Monday. Volume, net of December and January was 111,000 contracts.
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