Gold fell below $915 at the mid-point of Hong Kong trading on Tuesday, but that proved to be the low for the day, as the metal rallied from there to the New York open, went flat until mid-morning, when it sold off again, but then pushed higher to the end of the Comex before leveling off through the Globex to finish at $925.80/oz., up $3.20. Overnight, gold has been pushing higher.
Gold was steady to the end of Hong Kong trading on Monday, fell sharply from there to mid-morning in New York, dropping below $920, but then posted modest gains through the rest of the day, finishing at $922.60/oz., down $11.10. Overnight, gold is unchanged.
Gold rounded out the week in desultory fashion on Friday, peaking only at $938 at noon, and retreating from there to close at $933.70/oz., up $1.40. For the week, gold was off half a percent.
Gold’s chart looked like it was composed by a bunch of people randomly bumping into one another on Wednesday, first rising in Hong Kong, then plummeting below $929 at the Comex open, rising again for an hour, falling for two, and finally sustaining an upward push from late morning through the Globex to post an exhausted close at $938.80/oz., up $4.00. Overnight, gold has edged lower.
Gold pushed steadily higher from the far East through to the New York open on Tuesday, but the $939 peak was the high for the day as it sold off in fits and starts to just after noon, before regaining some lost ground over the final hours to close at $934.80/oz., up $6.80. Overnight, gold has fallen off.
Gold held near flat until the second hour of trading in New York on Monday, then began a long slide that carried it as low as $925 on the Comex, followed by some very modest buying that took it to a close at $928.00/oz., down $10.30. Overnight, gold is pushing higher.
Gold had a rollercoaster day that led nowhere on Thursday, starting the day flat through Hong Kong, selling off through the first hour in New York to bottom at $943, rising back above $960 at the close of the Comex, and finally ebbing through the Globex to finish at $954.50/oz., up 40 cents. Overnight, gold has fallen off.
Gold pushed to $965 just before New York opened on Wednesday, but then sold off sharply, falling below $950 in the late morning, before edging slowly higher through the rest of the day and finishing at $954.10/oz., down 50 cents. Overnight, gold is unchanged.
Gold had another pretty blah day on Tuesday, rising early in the Hong Kong session, falling below $950 at the mid-point of London trading, bouncing back over $960 by mid-morning, then dropping back to $955 and hugging that mark through the rest of the day, to finish at $954.60/oz., up $4.00. Overnight, gold is trending higher.
Gold had about as blah a day as it could have on Monday, rising early in the Hong Kong session, then falling off to just after London opened, then trading inside a very tight $5 range for the rest of the day, finishing at $950.70/oz., down $3.90. Overnight, gold is little changed.
