Gold Has Worked For Indians, Billionaire Investor Thomas Kaplan Says

(Before It's News)

by Ed Steer
Ed Steer’s Gold & Silver Daily, Casey Research

Yesterday In Gold & Silver

It was a nothing sort of day in the gold market on Wednesday. The high, such as it was, came shortly after 2 p.m. in Hong Kong trading—and then it was a long, slow slide during the London and New York trading session. The gold price dipped under the $1,200 spot mark on a couple of occasions, but managed to close above it, but only by a whisker.

The high and low ticks are barely worth the trouble of looking up. The CME Group recorded them as $1,208.40 and $1,197.70 in the April contract.

Gold closed yesterday at $1,200.30 spot, down $3.20 from Tuesday’s close. Net volume was pretty quiet at only 98,000 contracts or so.

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