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NEW YORK (TheStreet) —
It was a nothing sort of trading day in the gold market everywhere on Planet Earth on Thursday, as every rally, no matter how tiny, was nipped in the bud before it could break above the $1,245 spot mark. The gold price was kept corralled within a ten dollar price range for the entire day. The low and high ticks aren't worth bothering with.
Gold closed in New York on Thursday afternoon at $1,238.90 spot, down $2.20 on the day. Net volume was still pretty chunky at 176,000 contracts.
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