Gold didn’t do much on Friday until Sydney closed for the weekend. Then it began a gentle rise through the balance of Hong Kong and most of London trading.

Gold was slightly lower until the open of the New York session on Thursday, but went vertical at that point, adding $20 in an hour and peaking at $908 before easing during the rest of the NYMEX and dropping further in the Globex to fall back below $900 and finish at $898.00/oz., up only $4.40. Overnight, gold is trending higher.

Gold declined throughout the Far East and Europe in early Thursday morning trading. The decline rate accelerated about two hours before the Comex open in New York. Once the NY boys showed up, the price dropped another $8 to a low of $856.50 in just a few minutes.

Gold made no sudden moves on Friday, but just moved steadily higher from the London open straight through the Globex, pushing back over $900 late in the day and finishing at $902.20/oz., up $24.20. For the week, gold gained 1.8%.

Gold was steady to higher through the far East and most of London trading yesterday, but at about 9:30 of the New York session it plunged, bottoming at $877 before it climbed through the NYMEX, only to sag again in the Globex and finish at $881.30/oz., down $9.00. Overnight, gold has fallen off.