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NEW YORK (TheStreet) —
The gold price didn't do much in Far East trading session on their Tuesday. It began to rally starting around 8:30 a.m. BST in London—and that happy state of affairs lasted until 1:00 p.m. BST. The rally got capped at that point—and JPMorgan et al finished the job twenty minutes later when the COMEX opened. The New York low came at the London p.m. gold fix—and it rallied from there until around 12:45 p.m.—and that was it for the day.
The gold price traded within a ten dollar range yesterday, so I shall dispense with the high and low ticks, although gold managed to close back above the $1,200 spot mark, but only by a buck or so.
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