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November 16, 2024

Tuesday, May 26: Today in Gold and Silver

NEW YORK (TheStreet) —
The gold price got sold down five bucks the moment that trading began at 6 p.m. EDT in New York on Sunday evening.  It chopped around that new price all through Far East and the London trading session, although London was also closed for some sort of bank holiday.  Then at 8:30 a.m. EDT a rally began which got capped minutes after 9:30 a.m. EDT.  The second smallish rally after that also met the same fate about 12:20 p.m.—and then it got sold down a bit into the 1:00 p.m. early close.  All this trading occurred on the Globex system outside the U.S., as the U.S. [and London perhaps] were closed for Memorial Day.  But there was obviously trading going on from somewhere.


With the CME closed, there were no low and high ticks available.

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