Gold had a day of wild sentiment swings to little ultimate effect on Tuesday, originally drifting lower in the far East, spiking sharply in early London trading to its intraday high of $932, falling to the noon hour in New York, rallying back to the end of the Comex, and finally selling off again on the Globex to finish at $924.10/oz., down 80 cents. Overnight, gold has slipped lower.
Gold steadied today, Tuesday, erasing earlier gains, as the dollar recovered lost ground against a basket of currencies, reducing the precious metal’s appeal as an alternative asset.
Gold was flat until the mid-point of the Hong Kong session on Monday, fell steadily from there to a low of $920 in the second hour of Comex trading, then rallied modestly through the rest of the day to regain a little lost ground and finish at $924.90/oz., down $3.90 from Thursday. Overnight, gold is slightly higher.
Gold was flat until just before the London open on Thursday, then commenced a long, slow slide that continued until the noon hour in New York, with a bottom at $926 before some uninspired late day buying pushed it to a finish at $928.80/oz., down $11.50. For the week, gold lost 1%.
Gold was only modestly higher from the overseas markets to the New York open on Wednesday, but it spiked up to mid-morning at that point, leveled off, spiked again at the noon hour, then drifted lower through the rest of the day, to finish at $940.30/oz., up $13.70. Overnight, gold is trending lower.
Gold held in positive territory until the first hour of New York trading on Tuesday, then really hit the skids, plummeting nearly $20 by late morning before inching forward through the rest of the day, finally finishing at $926.60/oz., down $10.70. Overnight, gold has been trending higher.
Gold had a very inconclusive day on Monday, rising from the far East to a peak of $942 in early New York trading, then plunging back to $934 at mid-morning, before moving in fits and starts through the rest of the day, to finish at $937.30/oz., down $1.70. Overnight, gold is trending higher.
Gold had a very dull day on Friday, rising from Hong Kong through to the first hour in New York, peaking at $948, then getting sold off to the noon hour, where it bottomed at $937, then going essentially flat to the finish at $939.00/oz., up all of 10 cents. For the week, gold tacked on just over half a percent.
Gold was dead flat until an hour before New York opened on Thursday, at which point it commenced a daylong rally that pushed it higher, albeit not very dramatically, as it plodded to a finish at $938.90/oz., up $6.80. Overnight, gold is trending higher.
Gold was near flat until the New York open on Wednesday, at which point it took off, shooting up $15 to $941, but that proved to be the high for the day, as the metal sold off through the Comex and early Globex before leveling off to finish at $931.00/oz., up $4.20. Overnight, gold is little changed.
