Gold was flat until just before New York trading opened yesterday, when it suddenly shot northward by $25, a gain which was all given back by 1:00, after which some late-day buying pushed the metal back into the black and a finish at $802.90, up $8.20. For the week, gold lost 3.3%.

Gold fell below $785 in Hong Kong, but that was the low for the day, as it rolled up and down around $790 in London then really took off as London closed halfway through the NYMEX, shooting straight up to finish just off its intraday at $813.70, up $15.00. Overnight, gold is little changed.

Gold was in the black until the second hour of the New York session yesterday, when it began to slowly decline, then fell off a cliff just before noon, dropping nearly $35 in an hour on its way to a finish at $823.00, down $32.50. Overnight, gold has slipped lower.