Russia Mulls Eliminating Gold Tax to Boost Investment Demand

YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM

by Ed Steer
Gold Seek

The gold price crawled quietly lower starting shortly after trading began at 6:00 p.m. EST in New York on Thursday evening — and the low of the day was set shortly after 3 p.m. China Standard Time on their Friday afternoon. It began to edge higher from there, with the high tick of the day…such as it was…coming at 1 p.m. in New York. It was sold a dollar and change lower by the 1:30 p.m. EST COMEX close — and didn’t do much after that.

Once again, the low and high ticks aren’t worth looking up.

Gold was closed on Friday in New York at $1,314.00 spot, up $4.20 on the day. Net volume was fumes and vapours once again at a bit over 125,000 contracts — and there was around 11,200 contracts worth of roll-over/switch volume on top of that.

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