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.
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.