by Ed Steer, Ed Steer’s Gold & Silver Daily:
It was another very low volume day in gold on Tuesday, and except for the obvious price shenanigans that started at 1 p.m. GMT in London [8 a.m. in New York] and ended shortly after the London p.m. gold fix, I wouldn’t read much into yesterday’s price action.
The CME reported the high and low as $1,320.60 and $1,305.20 for December.
Gold closed in New York on Tuesday at $1,311.90 spot, which was down $2.70 from Monday. Net volume, although a tad higher than Monday’s, was only 79,000 contracts.