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NEW YORK (TheStreet) —
After getting sold down about ten bucks or so in early Far East trading on their Tuesday morning, the gold price managed to rally back to just above unchanged by 3 p.m. Hong Kong time. From there it chopped sideways in a tight range until the noon London silver fix, or the minutes after the COMEX open—and you can pick either of those times as the starting point of the subsequent rally. That rally ended as the dollar index abruptly headed north, after spending most of the day heading south. The time of that event was around 10:40 a.m. EST—and from there the gold price didn't do much for the remainder of the Tuesday session in New York.
The low and high ticks were reported as $1,272.00 and $1,297.40 in the February contract.
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