DRTOA – Hours after this announcement their financial district is under attack from “TERRORISTS”
by Ed Steer, Casey Research:
It was pretty much a nothing day in the gold market on Friday. The tiny rally at the London open began to erode immediately—and the down/up price tick in the two hours surrounding the London p.m gold fix was all the activity there was in new York. The gold price continued to slowly sell off from there into the close of electronic trading.
The high and lows ticks are barely worth the effort to look up, but the CME Group recorded them as $1,228.90 and $1,214.80 in the February contract.
Gold finished the Friday session in New York at $1,221.80 spot, down $5.60 from Thursday’s close. Volume, net of December and January, was 130,000 contracts.