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NEW YORK (TheStreet) —
The gold price had a negative bias all through Far East trading on their Wednesday—and that lasted until at, or just after, the London a.m. gold fix. From there it began to rally a little, but every tiny breakout was hammered flat immediately—and it basically traded flat once COMEX trading began. Then, starting a few minutes before the FOMC 'news', some thoughtful soul hit the gold price for about eight bucks—and after it recovered a bit, the price traded sideways into the close of electronic trading.
The low and high ticks are barely worth looking up—and they were recorded as $1,200.70 and $1,213.50 in the June contract.
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