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Judge Throws Out CFTC’s Position Limits Rule

by Ed Steer
Ed Steer’s Gold & Silver Daily

Yesterday in Gold and Silver

It was a nothing sort of trading day in gold yesterday, which is not exactly what I was expecting. Gold inched up to its high of the day early in London trading, before selling off gradually until the close of Comex trading…and then it traded sideways into the 5:15 p.m. Eastern time electronic close.

Gold finished at $1,771.10 spot…down $6.50 on the day. And despite the fact that there was no price action worthy of the names, the net volume in gold was still very heavy at around 165,000 contracts.

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