by Ed Steer, Casey Research:
The gold price had a positive price bias during the Far East trading session—and that lasted until the price got to the $1,175 spot price mark—and then it traded sideways until the 8:20 a.m. EST COMEX open—and that was that. There was a bit of a bump at the London p.m. gold fix—and the low tick came at 4:15 p.m. in electronic trading.
The high and low ticks, such as they were, were reported by the CME Group as $1,174.40 and $1,164.80 in the April contract.
Gold closed yesterday at $1,166.90 spot, down $1.80 from Friday’s close. Net volume was pretty light at only 99,000 contracts.
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