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NEW YORK (TheStreet) —
The gold price trade a few dollars above the $1,200 spot price mark for all of Far East and most of the London trading session on Thursday. But once the “fix” was in at 10 a.m. EDT, the price got smacked back below that price, with the low tick coming minutes after the London close—1 p.m. BST/11:00 a.m. EDT. From there the price chopped quietly higher for the remainder of the day, as it managed to crawl back and close above the $1,200 mark.
The high and low ticks, such as they were, were reported by the CME Group as $1,194.80 and $1,207.40 in the June contract.
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