Gold was little changed in Hong Kong, but tanked at the London open, falling $15, then surged as New York opened, tacking on $25, before a late-day leveling off that took it to a finish at $824.10, up $2.70. Overnight, gold is sharply higher.
Gold had a day of not much in the way of action, as the London exchange was closed for holiday and the New York market remained pretty much stuck between $820 and $825, finishing at $821.40, down 80 cents. Overnight gold is sharply lower.
Gold traded lower for most of the day, but gained a little steam after the noon hour and finished on an up note at $812.80, down 90 cents. Overnight, gold has pushed higher. Platinum traded within a $25 range all day, but closed at the high end of it at $1366/oz., up $21. Overnight, platinum is trending higher.
Gold was sharply higher in the far East, reaching nearly to $805 before London opened and sellers pushed it back to $790, but then it got a second wind in New York, rallied up to a finish at $798.70, up $12.40 from Friday. Overnight, gold has drifted lower.
It was a decidedly poor day for the precious metals as gold, silver, and platinum all fell during trading Thursday. Gold posted solid gains in Far East trading, rising to an intraday high of $884.95/oz. Prices dropped, however, during the NYMEX session as the metal closed at $872.70/oz., down $6.30. Overnight, gold has dipped further.
Trading in the precious metals Tuesday was mixed as gold and silver continued their losses from Monday’s session, while platinum rallied slightly from it’s beating during the previous day’s trading.
Gold continued its descent, falling steadily throughout trading Tuesday. Gold closed just off its intraday low, at $873.50/oz., down $20.30.
Platinum was the lone winner on the day as prices began rising during the NYMEX session following a sell-off in the Far East. Platinum eventually finished at $1555/oz., up just $4.
Silver, like gold, was hammered during the day’s trading. The metal trended lower all day, with the exception of a brief rally NYMEX trading. Silver fell another $.47, to end at $16.42/oz.
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Once again, the major reasons for gold’s decline…
I sent a rather aggressive email this morning: Oi! Stop taking all our money!” It was to a former colleague at Northern Rock (NHRKF). I signed it as ‘The Taxpayer’ — a stroke of satirical genius I’m sure you’ll agree… Or maybe not.
Gold rose in Hong Kong, leveled off in London, and traded rangebound through the NYMEX and Globex sessions on Friday, although it held above $900, finishing at $901.30/oz., up $3.30. For the week, gold added 3.5%.
Profit taking was the name of the game during Thursday trading on the Canadian Markets.
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.
