| The gold price drifted gently either side of $1,200 in the US on Wednesday as the breakneck volatility of the past several sessions temporally subsided. The gold price for February delivery on the Comex division of the New York Mercantile Exchange was last up $4.20 at $1,203.60 per ounce.
“In comparison to the last few days, [it is] a very quiet day in the wonderful world of precious. Gold took a breather and traded around the $1,200 level, with a bit of profit taking seen early in the day, moving it down to $1,192 briefly,” Marex Spectron’s David Govett said. “With the dollar strengthening and the stock market remaining firm, precious metals took a back seat and I suspect, with the occasional silly move, will stay that way until the figures later this week,” he added...............................................Full Article: Source
|