news.goldseek.com / By Ed Steer / Sunday, 8 January 2017
The gold price was under a bit of selling pressure during the Far East trading session on Friday. That lasted until the London open — and then it rallied back towards unchanged. That rally, such as it was, got cut off at the knees at precisely 11:00 a.m. GMT in London. From there it chopped lower until the low tick of the day was placed around 2 p.m. EST in the thinly-traded after-hours market in New York. It inched quietly higher from there into the close.
Gold traded within a ten dollar price range everywhere on Planet Earth on Friday, so I shall dispense with the high and low ticks.
Gold finished the Friday session in New York at 1,172.20 spot, down $8.00 from Thursday’s close. Net volume was very high once again at just under 195,000 contracts.
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