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NEW YORK (TheStreet) —
The gold price traded in less than a five dollar price range right up until the Fed spoke. The price blasted higher from there, but it was obvious from the chart that sellers of last resort were at the ready, with the preliminary rally, along with every subsequent rally meeting the same fate—and the gold price was closed well of its high tick.
The low and high were reported by the CME Group as $1,144.90 and $1,175.10 in the April contract.
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