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Wednesday, July 9: Today in Gold and Silver

July 9, 2014 | By | Reply More

NEW YORK (TheStreet) — After the obligatory sell-off at the New York open on Monday evening, the gold price headed a bit lower in Far East trading on their Tuesday—and didn't rally until 2 p.m. Hong Kong time, an hour before the London open.  That rally, such as it was, got dealt with in the usual manner by a seller of last resort once the London p.m. gold “fix” was in.  The low came around noon EDT—and from there it rallied gently until 4 p.m.—and then traded flat from there.

The high and low tick were recorded by the CME Group as $ 1,325.70 and $ 1,314.30 in the August contract. …

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