On an extremely volatile day gold has traded within one dollar of its highest price year to date for 2019. On a closing basis, gold hit an apex or the highest closing price on February 20. Although it traded to a high that day of approximately $1350, gold closed at $1347. That closing price is below the ceiling achieved over the prior two years which was approximately $1370. Even though gold futures had an intraday high of $1340.90, current pricing is well below that with the August 2019 futures contract currently fixed at $1335.60. The intraday high occurred in overseas trading last night with a... Read more
On an extremely volatile day gold has traded within one dollar of its highest price year to date for 2019. On a closing basis, gold hit an apex or the highest closing price on February 20. Although it traded to a high that day of approximately $1350, gold closed at $1347. That closing price is below the ceiling achieved over the prior two years which was approximately $1370. Even though gold futures had an intraday high of $1340.90, current pricing is well below that with the August 2019 futures contract currently fixed at $1335.60. The intraday high occurred in overseas trading last night with a... Read more
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