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NEW YORK (TheStreet) —
Gold opened flat when trading began in New York on Wednesday evening. Then starting just before 9 a.m. Hong Kong time, a rally began that grew stronger as the Far East trading session unfolded. It was up a decent amount by the London open—and then went vertical at 8:00 a.m. GMT, but ran into the usual not-for-profit sellers less than fifteen minutes later—and by 9 a.m. in New York, “da boyz” had the price bank under control, as most of the gains vanished.
The low and high tick were reported by the CME Group as $1,193.80 and $1,219.50 in the April contract.
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