by Ed Steer
Silver Seek
YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM
The gold price trended mostly unevenly lower in Far East trading on their Friday, with its Far East low coming at 2 p.m. China Standard Time on their Friday afternoon. From there it didn’t do much until shortly after the London open — and at that point, the dollar index began to head lower. The gold price rallied until the 10:30 a.m. BST morning gold fix — then it traded unevenly sideways, with the high tick of the day coming a few minutes after 8:30 a.m. in New York. It was sold quietly lower from there — and the low tick was set around 12:40 p.m. EDT. It was allowed to rally a bit from there, but the moment it poked its nose back above $1,800 spot, there was someone there to make sure it didn’t close above it — and it trended a few dollars lower until the market closed at 5:00 p.m. EDT.