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December 26, 2024

Thursday, October 2: Today in Gold and Silver

NEW YORK (TheStreet) —
The gold price sold off a few dollars in early Far East trading on their Wednesday—and then proceeded to bounce off the $1,205 spot price market until the London a.m. gold fix was in around 10:20 a.m. BST.  At that point the gold price popped back to around unchanged.  It rallied anew at the Comex open—and obviously got capped at the London p.m. gold fix at 3 p.m BST—10 a.m. EDT.  Although gold hit its high tick about 11:40 a.m. in New York, the price basically did nothing from the London afternoon gold fix, until the 5:15 p.m. close of electronic trading.  Gold was closed well of its high of the day.


The low and high ticks were reported by the CME Group as $1,205.00 and $1,220.00 in the December contract.

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