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NEW YORK (TheStreet) —
The gold price was under choppy selling pressure up until ten minutes after the COMEX open in New York yesterday morning—and at that point the HFT boyz and their algorithms went to work, with most of the damage done by around 10:35 a.m. EDT. The gold price traded flat after that, but the absolute low tick was a quick down/up spike minutes before 11:30 a.m.
The high and low tick were reported by the CME Group as $1,225.50 and $1,205.10 in the June contract.
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