NEW YORK (TheStreet) —
The gold price chopped around in a five dollar price range all through Far East and the first half of London trading on their Friday, but at 8:30 a.m. EDT the price began to rally, but ran into the usual not-for-profit sellers right away. The high tick came at, or shortly before the London p.m. gold fix, before getting sold back to almost unchanged. It rallied a bit starting around noon in New York, but didn’t do much after that.
The low and high tick were recorded by the CME Group as $1,186.00 and $1,194.40 in the August, which is the new front month.
…
Click to view a price quote on GLD.
Click to research the Financial Services industry.