by Ed Steer
Ed Steer’s Gold & Silver Daily
Yesterday in Gold and Silver
The engineered price decline in gold came to a halt less than half an hour before the noon London silver fix during their Friday morning…and the subsequent rally came to an end at the London p.m. gold fix…which was 10:00 a.m. Eastern time.
From there, the gold price got sold down a bit until about 11:35 a.m. in New York before resuming the rally…albeit at a much slower rate. Shortly after 3:00 p.m. the gold price jumped up a few more bucks, before trading sideways into the 5:15 p.m. electronic close.
Gold’s low price tick of the day in London was around $1,625 spot…and the high tick of the day [$1,659.80 spot] came late in electronic trading in New York.