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NEW YORK (TheStreet) —
After getting smacked for almost thirty bucks by the HFT boyz and their algorithms at the 6 p.m. EST open on Sunday evening, the gold price traded ruler flat until just after 2:30 p.m. Hong Kong time. Then the gold price rallied in fits and start until reaching its high of the day minutes after the COMEX close. From there it got sold down about ten bucks by around 3 p.m. EST in electronic trading—and from there traded flat into the 5:15 p.m. close of electronic trading.
The low and high ticks of the day were reported by the CME Group as $1,141.70 and $1,221.00 in the February contract—which is now the new front month—an intraday move of 80 bucks.
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