by Ed Steer, Silver Seek:

The gold price wandered/crept quietly, broadly and unevenly higher until minutes before 1 p.m. BST in Globex trading in London. Then a rally of some size erupted — and from its quiet saw-tooth pattern thereafter, it was obvious that it was running into quiet opposition all the way up until its high tick of the day was set a couple of minutes after 3 p.m. in after-hours trading in New York. Very shortly after that it had a quiet and descending down/up move that ended about fifteen minutes before the 5:00 p.m. EDT close.

The low and high ticks in gold were reported by the CME Group as $2,356.00 and $2,401.50 in the August contract. The August/October price spread differential in gold at the close in New York yesterday was $23.40…October/