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NEW YORK (TheStreet) —
The gold price got sold down about five dollars starting around 9 a.m. Hong Kong time in Far East trading on their Tuesday morning. The low tick of the day came at, or just after, the morning gold “fix” in London at 10:30 a.m. BST. The subsequent rally got sold down at 10:45 a.m. EST, the same time as it got sold down in Monday trading. The New York low came about twenty minutes after the COMEX close—and it rallied a few dollars into the 5:15 p.m. close of electronic trading.
The high and low tick were reported as $1,190.10 and $1,178.20 in the April contract.
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