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NEW YORK (TheStreet) —
It was a volatile trading session for gold yesterday, but it all happened within a very tight price range—and appeared to center around the $1,200 price mark. The high tick came at exactly 9 a.m. Hong Kong time on their Tuesday morning—and the low tick came at the London afternoon gold fix—and the subsequent rally got hammered flat during the next two hours of trading. Then, starting a minute or so after 12 o'clock noon in New York, the gold price rallied back towards the $1,200 spot price mark—and made it shortly after the COMEX trading session ended. From there, the price traded basically flat into the close.
The CME Group recorded the high and low ticks as $1,204.40 and $1,190.00 in the April contracts.
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